Deccan ready for another leg of upmove?
-Trading right below a resistance.
-Volume spikes with price movement
-Close to previous ATH
-After a brief upmove stock pulled back and now trying to break a resistance.
Entry: 769
T1-849
Positional Target: 1056
Safe traders wait for a close above 850( ATH) for entry.
SL 666 Closing basis.
The market is weak and breakouts are susceptible to failure. So please do your analysis before entering. Risk Management is imperative, please do not forget this.
Conservative Traders Wait for the Nifty 500 to close above 24900 to initiate a new trade.
-Volume spikes with price movement
-Close to previous ATH
-After a brief upmove stock pulled back and now trying to break a resistance.
Entry: 769
T1-849
Positional Target: 1056
Safe traders wait for a close above 850( ATH) for entry.
SL 666 Closing basis.
The market is weak and breakouts are susceptible to failure. So please do your analysis before entering. Risk Management is imperative, please do not forget this.
Conservative Traders Wait for the Nifty 500 to close above 24900 to initiate a new trade.
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