Divergance
1. As can see market has corrected aorund 10% from its top and this stock shows significance strength.
2. Its now above 200 DMA and 50 DMA.
3. Only stock to buy this stock is major resistance at 1530.
4. As step declining market this stock stairs up with perfect figure which most attract me and doubting Institutional might accumulating in it.
5. If its break 1530 Resistance it may test 1680 So 100 rs profit can be reasonable for me.
So play is simple.
1. Buy above 1530 if any revers able candle stick will not formed.
2. Keep SL 5 %.
3. Target 1680 if sustain and identify any + sign then keep trailing SL.
1. As can see market has corrected aorund 10% from its top and this stock shows significance strength.
2. Its now above 200 DMA and 50 DMA.
3. Only stock to buy this stock is major resistance at 1530.
4. As step declining market this stock stairs up with perfect figure which most attract me and doubting Institutional might accumulating in it.
5. If its break 1530 Resistance it may test 1680 So 100 rs profit can be reasonable for me.
So play is simple.
1. Buy above 1530 if any revers able candle stick will not formed.
2. Keep SL 5 %.
3. Target 1680 if sustain and identify any + sign then keep trailing SL.