BIRLASOFT || Uptrend Support + Support Zone || 10% move expected
1. We started with Daily chart to find the bias (buy/sell) & we found it is an uptrend move with price at trendline.
2. We changed to 4H and 2H chart frame to check any king of buyer's entry or green candle forming. (Able to spot 2 green candles)
3. We changed back to Hourly and later 30 Min chart to mark the key zones in short-term basis.
-------
The company is fundamentally strong and hence a long position will be a good side.
Even though I feel that the trend line will break but the charts are showing me a different picture. Hence one should always trade what they see and not what they feel.
No matter if this trade will be a positive or not , I promise to keep my loss small & profit trailing or running till the time I can.
Thanks! Don't forget to hit that like button and comment your doubts.
2. We changed to 4H and 2H chart frame to check any king of buyer's entry or green candle forming. (Able to spot 2 green candles)
3. We changed back to Hourly and later 30 Min chart to mark the key zones in short-term basis.
-------
The company is fundamentally strong and hence a long position will be a good side.
Even though I feel that the trend line will break but the charts are showing me a different picture. Hence one should always trade what they see and not what they feel.
No matter if this trade will be a positive or not , I promise to keep my loss small & profit trailing or running till the time I can.
Thanks! Don't forget to hit that like button and comment your doubts.
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.