seekedgetrade

#deepaknitrate : momentum and trend breakout

Long
NSE:DEEPAKNTR   DEEPAK NITRITE
#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.