Why it came down ?
When wee look into extended chart from daily to weekly
for Daily the profit booking area was 106 some, institutional sold their stake in the open market at that level dragged due to negative impact.
when I see on the weekly chart breakout was not happened with the full strength candle even though the stock gained volume at the breakout level once again it will retrace at 75 more possibility you can exit your positions at 94 and grab the opportunity at 75 to 80 level for long positions.
I'm not financial advisor
trade based on your own risk because you not going to share your profit with me, profit or loss it's upto you.
for Daily the profit booking area was 106 some, institutional sold their stake in the open market at that level dragged due to negative impact.
when I see on the weekly chart breakout was not happened with the full strength candle even though the stock gained volume at the breakout level once again it will retrace at 75 more possibility you can exit your positions at 94 and grab the opportunity at 75 to 80 level for long positions.
I'm not financial advisor
trade based on your own risk because you not going to share your profit with me, profit or loss it's upto you.
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