APLLTD - Bullish reversalPattern formed : Bullish Piercing on daily time frame
Trade Details
BUY
ENTRY 788
STOP LOSS 776
TARGET 812
PROFIT 2000
LOSS 1000
QUANTITY 83
Risk Reward 1:2
Resistance levels: 780-796-823
Support levels: 738-711-695
Reason for trade: On November 23rd the stock formed a Bullish Engulfing pattern at the level of 727.20 and moved up to the levels of 825. The stock has once again pulled itself up from the same level i.e todays low 727.15 and has closed at 764.25. Expecting a similar kind of move till 825.
Kindly follow support and resistance before entering your trades.
The selection of this stock is purely based on chart pattern and back reference.
Kindly maintain strict stop loss and book profits at 1:1 and trail.
Actual targets: 804-824
