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 160
Trade closed manually:
Squared off at 158
Trade closed: target reached
