InoxWind Swing | Channel Swing
Yesterday 10% fall seen as one of promotor has reduced 5% their holding that's why following many traders has sold this and it was at lower price.
But i think in different way as someone has sold 5%, even someone has bought as well 5% and might be more because it was available with discount price then previous day. Basically stock up down is part of stock nature.
So as i believe in chart pattern rather to hold for long term, just wait for your chart pattern and then enter and exit with profit of your framework.
Current chart pattern has build channel bottom which looks good for swing reverse and can go up to 175 back. According we can plan for this swing.
This is my view for this stock but you can define your own risk reward according to your analysis and then take trade. its not my recommendation to anyone to buy directly.
Regards
But i think in different way as someone has sold 5%, even someone has bought as well 5% and might be more because it was available with discount price then previous day. Basically stock up down is part of stock nature.
So as i believe in chart pattern rather to hold for long term, just wait for your chart pattern and then enter and exit with profit of your framework.
Current chart pattern has build channel bottom which looks good for swing reverse and can go up to 175 back. According we can plan for this swing.
This is my view for this stock but you can define your own risk reward according to your analysis and then take trade. its not my recommendation to anyone to buy directly.
Regards
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