#Why I'm taking this trade?
On the daily chart smart money forming falling wedge chart pattern, but break out is not happened. So if you are a breakout trader you can wait for the breakout, but I have already taken the trade as I expect the breakout to be on the upside and I am very bullish on this stock also because bullish divergence is forming on daily and weekly charts.
Buy @ 1650 to 1700
Put the stop loss below 1600 on the closing basis
Upside target @ 2000 then 2200
Disclaimer:- Before taking any trade do your own analysis and consult your financial advisor, because I'm not a SEBI registered advisor.
On the daily chart smart money forming falling wedge chart pattern, but break out is not happened. So if you are a breakout trader you can wait for the breakout, but I have already taken the trade as I expect the breakout to be on the upside and I am very bullish on this stock also because bullish divergence is forming on daily and weekly charts.
Buy @ 1650 to 1700
Put the stop loss below 1600 on the closing basis
Upside target @ 2000 then 2200
Disclaimer:- Before taking any trade do your own analysis and consult your financial advisor, because I'm not a SEBI registered advisor.
Comment:
If you guys find my analysis correct then please give your opinion.
Comment:
When stock break 1710 level then stock shut's up like rocket, so wait for the upside target.
Comment:
Don't panic hold your position with stoploss!
Comment:
Breakout conform wait for the target.
Comment:
ACC ready for blast
Comment:
Stock moving according to my prediction wait for the target.
Trade closed: target reached:
1st target hit book your partial profit and wait for the 2nd target.
Trade closed: target reached:
All targets hit.
G.K. Mishra