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
Trade active
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made low of 74.40. call has got activated. cmp 76.50
Trade active
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cmp 80.60. trail sl to 69.50
Trade active
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posted high of 83.50 Trail sl to 75
Comment
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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
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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.