Mannappuram Long or short both are possible
Updated
I am looking two different possibility in this stock
01)I am looking stock is at the tip of its all time high and its possible it will brake out and go side ways , then brake the Low TL and take off for new high.
02) The stock can hit back to test the low and then take off in single impulsive move or can even brake the intervening low and visit the long term low then turn
both things are possible , i will wait the brake on either side and go side ways before heading next way
Regards
01)I am looking stock is at the tip of its all time high and its possible it will brake out and go side ways , then brake the Low TL and take off for new high.
02) The stock can hit back to test the low and then take off in single impulsive move or can even brake the intervening low and visit the long term low then turn
both things are possible , i will wait the brake on either side and go side ways before heading next way
Regards
Trade active
I am on short after price fails to make higher high , From 105 looking to book near 97
Regards
Trade closed: target reached
Booked my profit at 98From 105 to 98 , 7 Points in F & O Lot size 6000
Made 42000
Regards
Note
I missed my Projected target , as i had projected 87 and price did reach but i had closed my trade thinking it will not make this week ,
No problem but my analysis worked and bounced exactly form Interim Low and lets see how it moves next step
Regards
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