shiv2798

Up coming possible trade set up

NSE:DENABANK   None
124 views
5
I am looking the stock tried to make down trend impulsive but are getting weaker and weaker , and every down trend correction is also very weak
I am expecting the stock to head towards long term lower level and brake it then turn around , that will confirm me that the further up side will be strong impulsive move , any move to up side before tag the lower level would be short lived in my opinion , if they tag the lowest low and turn then up side move would be wonderful and very fast ,
Also this stock is facing some fundamental issue under review , i also think by the time they get corrected the price may tag the lower level
Lets see how it unfolds in coming day
Comment: Price is approaching the level , i will be looking for reversal in case , once the price reversed then one can look for long term investments for Target of 100+
Regards
Trade active
Comment: Price reversal confirmation will be done this week closing , I am looking go long after the confirmation next week , This stock has done enough correction , Now looking for only up ward direction

Comments

you are correct, it will retest the levels of 28 to 25 and then possible lreversal can come
+1 Reply
shiv2798 nalinakshi
@nalinakshi,
Yes Madam
Regards
Reply
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