Stock in strong upmove. Recently it has seen narrowing bollinger bands followed by another spike in price. Today a block deal caused sharp retracement and it closed on 61.8% Fib Level at 191.50 If it managed to stay above the level one should go long at CMP with stop loss of today's low 174 with open targets.
Trade active
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Comment
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7% up from entry price. keep your stop loss in force and enjoy the upmove
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Not sustaining at lower levels. Still a lot of power remaining Trail SL at recent Swing low 195 and hold
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195 Still acting as a good support. stock up 10% from entry level. Aggressive traders may add positions upon pullback around 204-205 Stop loss remains same.
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Stock Hit 242 today. Close your positions.
Trade closed manually
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Comments
Utkarshchothani
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its a clear sell on rise stock
ankit3000
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@Utkarshchothani, All depends on level. I suggested to buy if it manages to stay above today's close and I shall stick with my views. Buy only if it manage to stay above today's close
xclusiv_abhi
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I believe it's now a short on rally stock. Let's see..
ankit3000
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@xclusiv_abhi, All depends on level. I suggested to buy if it manages to stay above today's close and I shall stick with my views. Buy only if it manage to stay above today's close