1. On 30th May 2020, I published my analysis on this stock where I mentioned in Point No. 3 is quoting for your consideration. " Otherwise the current market price is the right place to go down. If it moves down only then the accumulation process will start. If upper red channel band and the red dotted line are not taken out then see fall to the green zone." You can see I mentioned that point is right for done fall and stock price consolidated the next three days and went up. The price took resistance at the same white upper band and support at the lower band of the zone in the next whole month. Marked in the green circle. See the accuracy of the zone which shared you almost one month ago. That is why I say when I make only one not many like others, only that will work. Has been proving consistently in my all posts. To make you better understand this setting last fig, compare it with the current .
2. Now current status is price made a pattern which I circled in yellow. That is activated now. If price takes out red channel upper band with the upper band of the white zone in 4 hr time frame, then you will see the price going to the green line as an upside target.
3. On the contrary, I made sky blue support if it gets breached and does not cover in 1 hr candle, then positional long should be covered. But It does not mean will be . Wait for the day close of the candle if closes below this line and next day 1hr closing is below previous day low then I will be for this stock. Otherwise positional long will work well. This is how the price should be moved in next week.
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
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I help them buy guiding on phone about entry and exit. In lieu of this they offer me a part of profit. After some time they start to learn it themselves.
Is it okay sir ?
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I believe when you trust yourself , you don't need to hide anything. Hiding consumes energy. When I make trade for clients, I keep always keep their interest topmost, my profit is only an outcome, not my goal.
Moreover, I never hide anything from those you respect most.
Happy Weekend sir