EID Parry
I already traded in this. Exited in profit.
Sharing this for learning and observation.
Stock price taking bounce when it comes near 50 MA. I took a 1:2 risk when the Price came near 50 MA. Kept trend line as target.
Support based trades may not work all the time. Risky trades.
One of the reason I took this trade is because PPFAS mutual fund bought these shares. I thought once the selling is absorbed it should give a spurt, later it continues to move up if more buying comes or go down if sellers take over. Whichever case I followed GTT.
Price retraced to 50 MA now with no volumes, I am expecting a bounce again but this time I will watch and observe.
I already traded in this. Exited in profit.
Sharing this for learning and observation.
Stock price taking bounce when it comes near 50 MA. I took a 1:2 risk when the Price came near 50 MA. Kept trend line as target.
Support based trades may not work all the time. Risky trades.
One of the reason I took this trade is because PPFAS mutual fund bought these shares. I thought once the selling is absorbed it should give a spurt, later it continues to move up if more buying comes or go down if sellers take over. Whichever case I followed GTT.
Price retraced to 50 MA now with no volumes, I am expecting a bounce again but this time I will watch and observe.
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.