This stock shows very strong trend. Kind of respecting 20SMA and 50SMA.
Trend : Strong Bullish
Trade: Long
SL Price : Recent swing low, 7900.
Entry : 8075.
Target: there is no target. Just trail SL unitl prices closes below recent swing low.
Whenever price bounces back from 20SMA, your can hold with more conviction.
Here risk is about 8075-7900 = Rs.175 per stock.
Aim of 1:3 or 1:5 at least.
For entry you can even target and wait for even better entry level better than 8075.
Trend : Strong Bullish
Trade: Long
SL Price : Recent swing low, 7900.
Entry : 8075.
Target: there is no target. Just trail SL unitl prices closes below recent swing low.
Whenever price bounces back from 20SMA, your can hold with more conviction.
Here risk is about 8075-7900 = Rs.175 per stock.
Aim of 1:3 or 1:5 at least.
For entry you can even target and wait for even better entry level better than 8075.
Trade active
Movement seems quite stronger as we did not get entry with small SL.Now it seems to consolidate between 8600-8700 levels. If base gets formed here, you can get long entry with SL around 8550.
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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.
Disclaimer
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.