Description
⋅
- Stock price has taken a very good support at crucial level i.e 580.
- formed a strong bullish dojo on daily timeframe.
- Currently, price is trying to retrace and possibly form a 'W' pattern with a higher high.
- 590 is a very strong support on monthly timeframe.
- formed a bullish engulfing candle on monthly timeframe.
TARGET : 657 // 696 // 760 // 848
SL : STRONG DAILY CLOSE BELOW 595
Comment
⋅ We can hold this trade with a strict SL of 580 on closing basis.
Comment
⋅ Our SL got hit on 25oct.
Trade closed.
We booked a loss.
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