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iamPotato
Dec 21, 2020 2:58 PM

Strongest stock - DMART (Rejection day) Long

AVENUE SUPERMARTSNSE

Description

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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