iamPotato

Strongest stock - DMART (Rejection day)

Long
NSE:DMART   AVENUE SUPERMARTS
Buy At 2588-2600 range for an excellent entry.

SL - Exit if stock close below 2580, since it will definetely test the low's of the rejection candle.

Reason for the trade: Rejection day

Rejection Days have a range that is significantly larger than the 10-day average and The ideal swing entry is the Rejection Day midpoint,which can be defended for 1-4 days after the rejection.

Exit when: A daily close below the Rejection Day midpoint breaks the pattern, as this would indicate a retest of the Rejection Day low

Disclaimer: Author may enter in trade so take your own decision. This is an trading idea not an trading or Investment advice.
Trade active: Entry at 2585
Trade closed manually: Booked profit at 2900

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