I am looking for short term holding once the price bounce form 62 to 63 Range for Target of 70
Stop would be 60
This kind of channel range bound stock can give good revenue but must enter only after the confirmation
The price action is consolidating after a trendline breakout on a weekly chart that indicates overall bullish sentiments. Bulls are charging up to take prices higher to around 95-100 levels. It is a good investment opportunity at current levels
Stoploss : 75
Risk Reward: 1:4
This has broken through a long term weekly trendline. It's now correcting to the downside. It should resume it's upmove once above the upper trendline. The fib retracements and the trendline would be imp. support levels.
AM GOING TO LONG DIS PAIR BASED ON TREND LINE SUPPORT THIS IS VERY SIMPLE TRADE GUYS.ENTRY STOP LOSS AND TARGET GIVEN ON CHART.
IF YOU ARE AGREE WITH MY VIEW THEN PLEASE HIT LIKE AND FOLLOW ME FOR MORE UPDATES AND IDEAS I REALLY APPRECIATE THAT.
TRADE WITH CARE