Time frame - Daily
The stock made a high of 1583 on 12/07/2021 and since then, it has tried to break the level multiple times but failed to do so. While there has been a clear expansion of volume when the stock tried to move up, the stock has also witnessed lower volume during its downtrend. As the broader market has started to recover, I am biased towards making a long position with the below-mentioned levels as my targets and SL
Any long position to be made only after breakout above the level of 1583. I will be investing only 25-30% of my intended capital upon breakout and will wait for a pullback (and confirmation) to invest the remaining capital
T1 - 1980
T2 - 2130
SL - 1300
Disclaimer - The above idea is just for educational purposes, I am not certified to give any buy/sell call.
Do follow the account if the article delivered value to you :)
The stock made a high of 1583 on 12/07/2021 and since then, it has tried to break the level multiple times but failed to do so. While there has been a clear expansion of volume when the stock tried to move up, the stock has also witnessed lower volume during its downtrend. As the broader market has started to recover, I am biased towards making a long position with the below-mentioned levels as my targets and SL
Any long position to be made only after breakout above the level of 1583. I will be investing only 25-30% of my intended capital upon breakout and will wait for a pullback (and confirmation) to invest the remaining capital
T1 - 1980
T2 - 2130
SL - 1300
Disclaimer - The above idea is just for educational purposes, I am not certified to give any buy/sell call.
Do follow the account if the article delivered value to you :)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.