The Major trend of the stock is up ,still it has not violated the Higher High and Lower High
so one can expect the stock will bounce back on 462.45 if it fails to bounce back then it will head to 455.85 where historically it is good support level , and it should bounce back form this level if fails on 462
One can look for rebounding to up ward and ride Nearly 10 Points form rebounding area as target with Stop of 5 Points
if at all the stock fails to hold 455.85 then you can look for start of new downward trend
Cheers
so one can expect the stock will bounce back on 462.45 if it fails to bounce back then it will head to 455.85 where historically it is good support level , and it should bounce back form this level if fails on 462
One can look for rebounding to up ward and ride Nearly 10 Points form rebounding area as target with Stop of 5 Points
if at all the stock fails to hold 455.85 then you can look for start of new downward trend
Cheers
Trade closed: target reached:
Jumped on 465 Exit on 470
Cheers
Cheers