I wouldn't suggest anyone blindly take positions with me, I am just sharing my work. Investments are subject to market risk and this is not a trade recommendation.
This is a very aggressive buy so I may get stopped out. But I am experimenting.
@jungleranger007, Here's something about Technical Analysis- when markets fall like this, especially showing relative weakness, there is probably some fundamental reason that is driving the stock down so only looking at the technicals to make medium-term trades spell disaster. However, speaking strictly from a technical perspective, I have a short bias here. I think it can get 530 levels but then nothing is certain. Another thing is even if it bounced back, I wouldn't trade because I am a systematic trader and only trade what my pattern scanner suggests. Hope this helps,=.
AlphaBull_in
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which indicator do you use ? can i get the script please
vorayash05
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@shriharigoje I use Keltner Channels, 20 period and 2.25 ATR
deepake7
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Stoploss is too far i feel. SInce its short term.
Best sl would be 656.
But very good stock to enter.
vorayash05
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@deepake7, I agree. I am always very conservative with my stops even in my aggressive trades haha. I keep it wide to avoid unnecessary stop-probing. can you tell me your reasoning behind your SL? Thanks.
deepake7
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@vorayash05, Sorry for late reply. Anyways no use now all the stoplosses are hit :-)
vorayash05
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@deepake7, I exited early when the breakout failed. Happens all the time.