Reasons for Buy:
1.Stock has taken reversal from its strong and important support level with high volumes. (Inverse C&H)
2.Made Doji after a consecutive price fall
3.Oversold position
Negative Factors:
1.Still in downtrend (it has to cross it's upward trend line,so may expect short term reversal, it it break then it is a good buy. - ref chart)
1.Stock has taken reversal from its strong and important support level with high volumes. (Inverse C&H)
2.Made Doji after a consecutive price fall
3.Oversold position
Negative Factors:
1.Still in downtrend (it has to cross it's upward trend line,so may expect short term reversal, it it break then it is a good buy. - ref chart)
Trade closed: target reached:
Strong Bull candle