Doji Candle having monthly range as 487 on top & 403 to the bottom will decide which way this stock wants to head. Likely this could be range bound movements in the coming months unless levels mentioned above are taken out.
Trading a sideways pattern is always tough- you can make money Intraday wise, but chances of getting trapped shall be on a higher side if you cannot manage the trading risk in a blink of the eye.
For me this stock will be on the radar once doji candlestick extremes are crossed. From base of 50's it traveled close to 500 in 2-3 years- so what a double bottom.
Trading a sideways pattern is always tough- you can make money Intraday wise, but chances of getting trapped shall be on a higher side if you cannot manage the trading risk in a blink of the eye.
For me this stock will be on the radar once doji candlestick extremes are crossed. From base of 50's it traveled close to 500 in 2-3 years- so what a double bottom.
Trade active:
07:50 Hrs 5th Feb2017
Last Price@543
Crossed 487 gave this move upside as expected.
Last Price@543
Crossed 487 gave this move upside as expected.
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
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Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)