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CuriousChartist
Jun 26, 2020 2:20 PM

DEEPAK NITRITE Long

DEEPAK NITRITENSE

Description

Consolidation in a rectangle.
try to buy on dips 490-495

Target = 546 - 8.3%
SL = 490 - 2.7%

*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.

Comment

Today it respected the channel support of 490.8 by going down till 492. Good point to accumulate in small quantities.

Comment

SL hit as it broke the channel. However the chart looks good as it consolidates within the arc. Keep accumulating on dips within the arc

Comment

Moving as desired.

Trade closed manually

Trade closed: target reached

Comments
yogeshkmr
target achieved but sl hit
CuriousChartist
@yogeshkmr441, Yes, the very next day of posting the chart, the stock tumbled in the channel and I updated my view in the evening. SL is the only savior in the market but it doesn't mean that one cannot re enter the stock at a more favorable price.

My update of June 30 is after the SL hit and before the Target achieved. Ride from 475 -480 to 546 -564
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