Trade Setup:
Monthly: Stock has broken out multi-year trend line, with Bullish candle. Huge volumes are accumulated. Crossed 50EMA and sustained (never did before in its lifetime since 2010).
Weekly: change in trend from LH - LL to HH - HL. 50EMA and 200 EMA providing good support. Crossed 200EMA resistance as well (never did before since 2010).
Overall, Good confluences observed, which is very important for a trade.
Entry = CMP ie; 5.20 INR
SL = below support line ie; 3.30 INR
Target = 9.80 INR (T1) and 24 INR (T2)
RR = 2.42 (for T1)
Be patient with the stock. Fundamentals are improving.
Monthly: Stock has broken out multi-year trend line, with Bullish candle. Huge volumes are accumulated. Crossed 50EMA and sustained (never did before in its lifetime since 2010).
Weekly: change in trend from LH - LL to HH - HL. 50EMA and 200 EMA providing good support. Crossed 200EMA resistance as well (never did before since 2010).
Overall, Good confluences observed, which is very important for a trade.
Entry = CMP ie; 5.20 INR
SL = below support line ie; 3.30 INR
Target = 9.80 INR (T1) and 24 INR (T2)
RR = 2.42 (for T1)
Be patient with the stock. Fundamentals are improving.
Dagangan aktif
11 jan21: Target (T1) achieved. Keep trailing your SL for Target 2 (T2). Nice trade.
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.