Stock is moving in a clear uptrend, you can trade on both the side in the channel. When touches the trend line on down go long and sell on the upper trend line for the short term.
Trade for 1st June can be taken to short it for the target price of 1230 as from the divergence can be seen.
Pro tip - Swing traders can hold the stock for the short term. It is highly probable to reach the target level around 1350 at the end of June month.
Dear it is wise to avoid upside diversions when we convince that stock in clear uptrend
As Well As
We have to avoid downside Diversions when we convince that the stock is in downtrend
Moreover...
short term time frame diversion has less importance than daily or Weekly..
Please consider as knowledge sharing do not consider as criticism.
Thanks
Saagar_patil
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@AhmedabadTradebulls, Yes it is wise so you mean Intraday traders never trade against the trade when the opportunity is generated??
At least I do and I make money on either sides, I seem trading against the trade requires knowledge and some tools as well.
The trade has been given on both sides who want to trade on intraday they can short tomorrow and swing traders can hold the stocks for a 5-7% of the target after buying it on dips. It can be traded in both ways that's why I mentioned both.
As Well As
We have to avoid downside Diversions when we convince that the stock is in downtrend
Moreover...
short term time frame diversion has less importance than daily or Weekly..
Please consider as knowledge sharing do not consider as criticism.
Thanks