Broken downward trendline today with huge volume. Also possible to break and stay above black line.
Yellow lines are previous occasions of this volume.
Keep this stock in watchlist. Thanks.
Trade active
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Huge buying continues. First the volumes were low, prices fell. And then at attractive prices, they bought again.
Be careful of the 200 mark. If it easily stays above it, then 203-204, book half profits at least.
Keep the black line as TSL as of now.
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15 min chart to give you a detailed view : ( tells a lot ) :
Trade closed: target reached
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From 194 to 204, Target achieved.
Swing traders can hold for more and watch price action. But book more than 50% profits.
Short-term traders book fully.
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I am not watching it anymore due to time constraint. Closed.
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For traders, who are still in the trade, watch the red dotted line ( of close today ) and see how its perfectly aligned with previous tops. This 203.25 price level will aid you in your decisions. Thanks.
Trade closed: target reached
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Moves upwards. 206.45 closing. Im not in trade.
This is another barrier, remaining traders should book their profits completely.
did you guys notice the daily chart is forming a symmetrical convergence triangle at level around 188 to 195. its a strong suggestion that stock might take a support on this level, hop[e it can break the level upward .
dravya
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@niladri, it already went up to 208. this was posted 18 days ago.
AMBRISH
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@dravya, Excellent, what will be next move in Apollo Tyre.