Dewan housing has already signaled by on RSI but we were waiting for 1 more day's confirmation. Bollinger band has supported at -2 SD . We'll trade it as mean reversion as market has bounced sharply from 60 and now trading near 78 ( below long term trendline on monthly chart).
Buy only in dip at 75-73 with stop loss below 67 for target 84 & 91
Buy only in dip at 75-73 with stop loss below 67 for target 84 & 91
Trade active:
made low of 74.40. call has got activated. cmp 76.50
Trade active:
cmp 80.60. trail sl to 69.50
Trade active:
posted high of 83.50 Trail sl to 75
Comment:
Today's close is extremely positive. Buy tomorrow at opening around 81.50-83 with SL below 77 for intraday TGT of 88-90-93
Trade closed: stop reached:
After our achieving our first target of 84 trialing SL for triggered at 77. Traders got Rs 9 move ( 12%) in just 4 days. We are little bit greedy when it comes to profit but quickly book losses.
Follow first principle of Trading. Extend your profit and cut your losses.
Follow first principle of Trading. Extend your profit and cut your losses.
