Stock after correcting by almost 14% from its high, has given breakout from sloping trendline with good volumes. Also, there is a morning star pattern on daily chart. Company has posted good Q3 results.
Now, one can consider long position with SL 650 on weekly CB for the target of 720+ with 1:2 RR.
Kindly do your analysis before initiating trade.
Now, one can consider long position with SL 650 on weekly CB for the target of 720+ with 1:2 RR.
Kindly do your analysis before initiating trade.
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.