Hello traders!
Stock was trading. Near the 50 MA Since February. Now it is given trendline breakout with good volume, you can see. Good bounce from the 50 ma. Entry should be at current price or can be taken at little retracement according to daily chart. But it can go up with UC back to back as stock has increasing volume.
1st target should be kept at 100% strictly with 50% booking.
Stoploss should be kept below the 20ma close. trailing sl should be the same.
DISCLAIMER: This analysis is only for sharing my views on swing trade and short term investing. It should not be considered as trading recommendation.
HAPPY TRADING!
Stock was trading. Near the 50 MA Since February. Now it is given trendline breakout with good volume, you can see. Good bounce from the 50 ma. Entry should be at current price or can be taken at little retracement according to daily chart. But it can go up with UC back to back as stock has increasing volume.
1st target should be kept at 100% strictly with 50% booking.
Stoploss should be kept below the 20ma close. trailing sl should be the same.
DISCLAIMER: This analysis is only for sharing my views on swing trade and short term investing. It should not be considered as trading recommendation.
HAPPY TRADING!