Long trade in BSE
Updated
Multiple VCP contractions visible on hourly timeframe. Relative strength (stan weinstein) is also rising. This presents a low risk entry in the stock.
For those looking for more conformation, can wait till breakout above 4900 with good volumes.
Disclaimer: This is not a recommendation, do your own research before taking positions.
- Aggressive traders can enter right away with SL of 4650 (end of day closing)
- Conservative traders can enter with SL of 4480 (end of day closing)
For those looking for more conformation, can wait till breakout above 4900 with good volumes.
Disclaimer: This is not a recommendation, do your own research before taking positions.
Trade closed: stop reached
The trade is closed. Yesterday stock fell with abnormally high volume, which undermined the strength of the pattern.
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