Description
⋅ This stock looks good for a swing trade.
Reasons are stated below :
- 1566 levels acted as a resistance but the price broke that level and now its retesting the same.
- Formed a morning star pattern on daily time frame.
- 0.5 level Fibonacci support.
- 50EMA support on daily time frame.
target - 1950
stoploss - 1508 Comment
⋅ price is up by 6% from our buying price.
HOLD, price might retrace a bit.
Comment
⋅ Price made a high of 10% from our buying price.
It is consolidating right now so we can hold till our targets.
Comment
⋅ Price corrected and made a higher low and currently is 9% up from our buying price. We can hold this.
Trade closed: target reached
⋅ first target achieved 22%, price made a high of 25%+ from our buying price.
Comment
⋅ we can hold, price is sustaining above 1950.
Comment
⋅ Weekly candle is a bullish marubozu and it closed above the previous swing.
we can HOLD!
Comment
⋅ if you're still holding then move your stops to entry price