iamPotato

EMAMI LTD - Swing Trade (BUY Side)

Long
NSE:EMAMILTD   EMAMI LTD
NSE:EMAMILTD

Buy at 405-409 range for an excellent entry.

SL - Exit if stock close below 402, since it will definetely test the low's of the rejection candle.

Reason for the trade: Rejection + Failed New Low(Previous day)

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.