Stock has broken the parallel channel and has again re-entered it for a good opportunity to accumulate around 11 or below it if it goes more downwards tomorrow. Keep a SL at 8 and target of 16-17 or maybe higher if you are holding for a long term.
Disclaimer: The content of the idea is solely my personal view which is purely intended for educational purposes and hence urge traders to make their own trading decisions based on their own trading knowledge.I wont be responsible for any kind of loss because of this idea. Consult your Financial Advisor before initiating any trade.
Disclaimer: The content of the idea is solely my personal view which is purely intended for educational purposes and hence urge traders to make their own trading decisions based on their own trading knowledge.I wont be responsible for any kind of loss because of this idea. Consult your Financial Advisor before initiating any trade.
Comment:
Right now the stock has become totally news based but yes it able to hold its strongest support. It needs a big positive news to move up.