#5paisa
After earning stocks managed to hold itself above the key support level which is also the long term support level.
Looks like all the short term traders have booked profit after earning and now the stock has dried up volume.
As per the last candle's momentum the move will be quick tomorrow.
On weekly chart you can see it has taken support on 50EMA
On daily, it has on 200EMA
So on both timeframes stocks look very ready for new #swing journey.
Apply your own risk-management before entering. Choose stoploss and targets and entries based on your personal style and preference.
After earning stocks managed to hold itself above the key support level which is also the long term support level.
Looks like all the short term traders have booked profit after earning and now the stock has dried up volume.
As per the last candle's momentum the move will be quick tomorrow.
On weekly chart you can see it has taken support on 50EMA
On daily, it has on 200EMA
So on both timeframes stocks look very ready for new #swing journey.
Apply your own risk-management before entering. Choose stoploss and targets and entries based on your personal style and preference.