ishwinderjauhar

Can look as a reversal play but keep tight stop loss

Long
NSE:INTELLECT   INTELLECT DESIGN A
04.11.2022- made a bullish engulfing on volume, followed it up today with volume, but would have preferred a better candle. 400 is a support zone since 0.382 levels are there .Concern is obviously the negative price action and has it made a H & S, the only issue being the right shoulder should have been taller. Majority of the volume play on daily is at 420 levels. Above 450 can stagger in.Full position only post 520 levels
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.