LTIM saw sell off from higher levels. Huge volumes.
It bounced a bit. IT sector shares are rising, if this participates then the gap will be filled.
Overall IT business is weak, big players may take high and create huge sell offs trapping retails investors. Or may be they are buying with future prospect in mind.
So keep a strict SL.
Can be a positional trade.
Long SL 5300
Average Entry 5550-5500
Target of 6100-6150.
1:2 Setup.
Careful while trading these days. Trade with less positions. I want to trade 10 shares but I will only enter with 5 shares. Protect your capital.
It bounced a bit. IT sector shares are rising, if this participates then the gap will be filled.
Overall IT business is weak, big players may take high and create huge sell offs trapping retails investors. Or may be they are buying with future prospect in mind.
So keep a strict SL.
Can be a positional trade.
Long SL 5300
Average Entry 5550-5500
Target of 6100-6150.
1:2 Setup.
Careful while trading these days. Trade with less positions. I want to trade 10 shares but I will only enter with 5 shares. Protect your capital.
Trade closed: stop reached:
SL Hit. Trade closed in 1076.11/- loss.