Pros :
Hammer with high volume
Price at the bottom of the channel with long tail
Hidden bullish divergence
Price above 200 SMA
Price at Previous support
Cons:
Bank Nifty is bearish mode
Buy above 415 and Stop Loss below 404
Hammer with high volume
Price at the bottom of the channel with long tail
Hidden bullish divergence
Price above 200 SMA
Price at Previous support
Cons:
Bank Nifty is bearish mode
Buy above 415 and Stop Loss below 404
Comment:
For Educational Purpose Only
Trade closed: stop reached:
Stop Loss Hit (Bank Nifty bearish mode pulled the stock down)