We can see that Alkem has good consistency of respecting supertrend as support.
It has given min 10% return for 7 times it has taken support.
While has broken it 2 times making this very favorable 7:2 probability. Also with very small stop loss this is also a good Risk reward proposition.
Let us see if by end of this week if Alkem closes in green and takes support at suppertrend.
It has given min 10% return for 7 times it has taken support.
While has broken it 2 times making this very favorable 7:2 probability. Also with very small stop loss this is also a good Risk reward proposition.
Let us see if by end of this week if Alkem closes in green and takes support at suppertrend.
Note
Today will be weekly close.Wait for close above supertrend ie >5149.
If it does not close positive it will be avoid...
Trade active
Add price : 5410SL 5100 (weekly closing basis)
Expecting Approx 10% return
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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.
Related publications
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.