Just Dial line is going to be busy very soon as the price action has broken the long term trend line. Downward trend line is broken after a long duration of two years. Who have entered the trade earlier can keep their stop loss as 440. Targets are 480, 509. 530 and 560. Always use trialing stop to protect your profit.
Note : I am a private trader. I am not giving free/paid calls. I am not taking trading classes. I am here to improve my technical knowledge. This is my trading analysis journal.
Trade active
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@ 460 on 2/20/17
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First target reached.
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Second target reached on 2/21/17
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Use trail stop to protect your profit.
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Third target hit on 2/22/17
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Just dial resistance levels as per weekly chart.
Trade closed: target reached
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From 460 to 560(2/20/17 to 2/28/17), all targets reached in 8 days with 100 points gain.
Comments
nalinakshi
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yeah i traded with your guidance, made money thanks
vanathi
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@nalinakshi, You analysed my idea and traded. You made money with your efforts. Thank you for sharing the information :)
Subra1953
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Excellent Trade Set Up and did few trades and made profits Thanks heaps and appreciate Look forward to have more trade setups, please
but here at this price it is having resistance? I mean according two year weekly chart. and macd is still below zero line, please if possible highlight
vanathi
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@nalinakshi, Down trend is reversing after 2 yrs, so price wont fall that much easily. I expect my targets will be reached before retracement....
Money_Minded
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@vanathi ... 2nd target reached .. well spotted :)
Now, need little consolidation before next target...RSI seems overbought !!