Stock tested 200DEMA & moving up. If stock sustained above long term resistance zone then this can be good short-Medium term pick
Stock's high vol accumulation and lower time frame bounce gives a good trading opportunity. Use 30min time frame for trading this stock. Levels mention on charts for short term bounce play. As of now Risk Reward ratio 1:2/2.5 Do not chase the stock for intraday if Risk Reward is not favorable.
Long term support and Resistance clearly mentioned on charts.
Closing above LTR will trigger sharper up move till 152 levels. Keep on close watch.
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Stop loss hit today. I'm not triggering the stop loss today. I'm looking/ waiting for Closing below support level. Today's move backed by solid volumes but that too did not push stock down below support zone. Inverted Hammer. Either this is the shakeout candle or we close below support zone tomorrow .
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let's see what happens here.. tomorrow's closing might confirm about further moves As I said keep stop loss on closing basis,otherwise stops will get hit more often
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testing my patience. Hope for Best.
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started moving. Hold now.
Trade closed: target reached
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YeY..!
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Reaching close to my Long Term target . Enjoy profits
I'm holding on. Stop is closing below support zone,last 3 days even after good volume it's not breaking.
Cash markt stock are not easy to grasp,they are bit Moody.
Have you keep stops dynamic, otherwise they'll get hit more often.
If you are talking about new pick then I'll post something on weekends. I'm not comfortable with this market level's,they are unjustified.
Trade with caution.