amitchauhanihm

Watchout for Lodha - Upswing of 14%- RS+

Long
NSE:LODHA   MACROTECH DEVELOPERS LTD
Possible move for an upswing to almost 14%... Breaking out from consolidation and have blasted the Bollinger Band upper limit on daily time frame and during the recent retracement the stock has continued to outperform nifty ... Little risky trade as earlier the price tried to breakout but did retrace back... My entry would be just above yesterdays candle ... Do keep strict stop loss

Note - Do keep an eye on on when price reaches 1478 level and if it sustains and breaks previous high of 1537 , can keep it for long term
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.