The stock is on a consolidating uptrend after taking support from 50DMA.
Positional Trades:
Go long above above 163 for 165, 168, 170 with SL at 160.
Short below 160 for re-test of 50DMA with targets of 158, 156, 155 with SL at 162
Don't take directional positions in case of Gap up/down openings.
Follow 15 min ORB.
Disclaimer:
These are NOT trading advice!
The intention is to gather feedback on them, so please drop in a comment if you find areas of improvement.
& If the idea makes sense to you - like it & share comments :)
Positional Trades:
Go long above above 163 for 165, 168, 170 with SL at 160.
Short below 160 for re-test of 50DMA with targets of 158, 156, 155 with SL at 162
Don't take directional positions in case of Gap up/down openings.
Follow 15 min ORB.
Disclaimer:
These are NOT trading advice!
The intention is to gather feedback on them, so please drop in a comment if you find areas of improvement.
& If the idea makes sense to you - like it & share comments :)
Trade active
Sell triggered at 160Trade closed manually
Squared off at 158Trade closed: target reached
Related publications
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.
Related publications
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.