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CADILAHC shows strength

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380PE had high open interest and so took a trade to the upside with 380 as the stop. Bought stocks at 392. There is daily resistance near 420 and weekly at 450.
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Closed the trade at 392. This sector is very weak, any up move is met with strong downward movement. So closed the trade and want to stand aside.
Nota
Look how the cloud works their tricks. Ideally never buy below the cloud. However, that is not how I trade for now.
mindzap
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CADILAHCTrend Analysis

Penafian

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CADILAHCTrend Analysis
mindzap
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Penafian

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.