exide - positive setup

buy setup. target 228 sl 207
Comment: made high of 224
Should we wait for confirmation? At least 5 candles above trend line?
KumarAbhilash sharuvman
@sharuvman, i m sorry but why 5 candle ? is there any rule.. as far as i know 3% 3 day rule is their ....but 5 candle i never read or heard of
and u can buy rather than wait as stock has already given breakout.
KumarAbhilash sharuvman
@sharuvman, alternatively u can wait for a close above 200 dma at 216.5 for long position
sharuvman KumarAbhilash
@KumarAbhilash, Sure. Will wait for confirmation. In many forums I have read that for confirmation we need 5 candles depending on the time frame chart (30seconds, 1 min, 2 min, 5min, 15min, 30 min, 60 min, 120 min, daily). Hence asked.
+1 Reply
KumarAbhilash sharuvman
@sharuvman, read edward and magee not forum - i dnt think there is any type of such thing..
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