#deepaknitrate : momentum and trend breakout
#deepaknitrate This stock looked good on august 11 when it had bullish reverse divergence
but the up move didn't sustain and could have stopped out for if had a swing trade with a tight one
below entry candle. However it took support on channel low and regained it momentum again with
above average volumes and made a +15% up move. Looks like we can expect a channel trending move
henceforth and therefore an entry on next retracement levels could be a good bet as it moves
further up. The momentum and trend indicator are showing bullishness on short medium and long
term timeframes.
but the up move didn't sustain and could have stopped out for if had a swing trade with a tight one
below entry candle. However it took support on channel low and regained it momentum again with
above average volumes and made a +15% up move. Looks like we can expect a channel trending move
henceforth and therefore an entry on next retracement levels could be a good bet as it moves
further up. The momentum and trend indicator are showing bullishness on short medium and long
term timeframes.
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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.