buy as
in uptrend
price retrace till 38% and bounce back thus strong indication
weekly range breakout and retest done
sl below 789 weekly close
tgt 1194
in uptrend
price retrace till 38% and bounce back thus strong indication
weekly range breakout and retest done
sl below 789 weekly close
tgt 1194
Comment:
hold for next week can be fake down before big move
Comment:
reason for not selling as the stock bounce back after 2days selling if close again below todays low on daily basis then will come out or else it is fake down to
shake out small players
shake out small players
Comment:
some time to shake out stock goes below our sl level
you can come out at that time but when see bullish sign
do entry again as trend is up
as in today market
index was falling but stock was up
this shows inherent strength
now sl is big
but closing below last week low on weekly basis which is 732 come out and avoid trade
as it can loose momentum and consolidate at those levels
you can come out at that time but when see bullish sign
do entry again as trend is up
as in today market
index was falling but stock was up
this shows inherent strength
now sl is big
but closing below last week low on weekly basis which is 732 come out and avoid trade
as it can loose momentum and consolidate at those levels