UMANG DAIRIES LTDPanjang
UMANGDAIRY +10% potential
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Happy Holidays everyone,
UMANGDAIRY is setting up really nice because there are orders coming in near the institutional buying areas.
1.Notice how the consequent selling candles are not so violent as compared to buying candles. The buying range is contracting slowly suggesting the free-float shares are being absorbed
2. But before that the price is left to sink to the institutional buying areas for discounted prices
3. This is a volume confirmation and structural confirmation
4. There is no confirmation from technical indicators like 20EMA and 50SMA
5. Risky play - Plan the position sizing accordingly
6. Keep not more than 3% sl because if the price action fails it's a free-fall from here till fair prices like 50SMA and 100SMA so there's not point in holding beyond 3% sl
7. Study the fundamentals before entering
8. Study the chart and fundamentals thoroughly - Plan the execution and position sizing - Keep the exit plan ready
Disclaimer: Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, or decisions made on the basis of any information found here, expressed or implied herein, are committed at your own risk, financial or otherwise.
UMANGDAIRY is setting up really nice because there are orders coming in near the institutional buying areas.
1.Notice how the consequent selling candles are not so violent as compared to buying candles. The buying range is contracting slowly suggesting the free-float shares are being absorbed
2. But before that the price is left to sink to the institutional buying areas for discounted prices
3. This is a volume confirmation and structural confirmation
4. There is no confirmation from technical indicators like 20EMA and 50SMA
5. Risky play - Plan the position sizing accordingly
6. Keep not more than 3% sl because if the price action fails it's a free-fall from here till fair prices like 50SMA and 100SMA so there's not point in holding beyond 3% sl
7. Study the fundamentals before entering
8. Study the chart and fundamentals thoroughly - Plan the execution and position sizing - Keep the exit plan ready
Disclaimer: Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, or decisions made on the basis of any information found here, expressed or implied herein, are committed at your own risk, financial or otherwise.
Nota
1.sl hit.
2.Stock locked in LC and might continue to lock in more LC
3. Market is weak so structures away from their fair prices are more likely to witness free-falls
In market c onditions like this - Only trade the strongest of all and plan position sizing accordingly
In a good month you will make it all back only if in a bad month you will reduce your risk
4. No loss is also a profit
Happy trading Guys !
Dagangan ditutup: hentian tercapai
Market Conditions not favourable and Stock was away from it's fair pries
Will still keep on radar
Happy Trading Guys !
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.