VCP / Volatility contraction observed in stock and stock is retesting pervious resistance.
Ideal entry location (but volumes are not comforting on down side i.e Todays candle).
One can go long with at current levels with a SL of Swing low i.e 699 on closing basis.
Market is currently defensive so avoid taking full risk / trade.
Good luck :)
Ideal entry location (but volumes are not comforting on down side i.e Todays candle).
One can go long with at current levels with a SL of Swing low i.e 699 on closing basis.
Market is currently defensive so avoid taking full risk / trade.
Good luck :)