As per my analysis,
RESPONIND
retracement as been complete and now ready to move again for upside. Price already given strong breakout above 292 with strong candle. Best buy level to take entry will be 293 (Have to wait for retracement). Strict Stop loss would be 268 (-25 points risk). Expected upside target would be 332 (+39) & 370 (+77).
This could be low risk and high reward positional trade idea.
Note: This is my personal analysis, only to learn stock market behavior. Kindly do your own research/analysis to plan any trade. Thanks.
RESPONIND
retracement as been complete and now ready to move again for upside. Price already given strong breakout above 292 with strong candle. Best buy level to take entry will be 293 (Have to wait for retracement). Strict Stop loss would be 268 (-25 points risk). Expected upside target would be 332 (+39) & 370 (+77). This could be low risk and high reward positional trade idea.
Note: This is my personal analysis, only to learn stock market behavior. Kindly do your own research/analysis to plan any trade. Thanks.