Today in the beginning of this week it took support from the 38 level range and broke level of 40.50 and closed above it. And the closing was also higher than the last week candle. Volume was also good today.
tODAY 37.20. What is view in this situation? Where I should keep stoploss.
Trading_hawk
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@milindshripad,
Take some heat of it.
I will be placing SL 33. Since Target looks 54 in mid term.
dnpmail
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target??
Trading_hawk
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@dnpmail,
For the mid to long term: 54 will be easy target.
Pawan1285
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@Trading_hawk, what would be the target till the end of august ?
Trading_hawk
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@Pawan1285,
Bro I am not a god to forecast the level till end of August. It's a long period.
And also this type of stock have uncertain movements.
So one can book the profit if their desired value of profit reached. Or if one have extra money then they can keep it and hold it.
But I see a movement of 54 level for medium to long term.
These type of stocks are full of uncertain movement. If you see the breakout is on Weekly Time frame. So Here we are considering weekly time line. So it takes 2-3 weeks or sometimes 4-5 weeks.