- as the index made a new on 25th Aug, MCX made a higher low, mostly just consolidated on lower volumes
- volume patterns in recent times are extremely bullish, wide range candles on upside, with massive volumes
- volumes on the recent pullback are very low, indicating no institutions are exiting
- low risk entry around 1620, with at 1575, about 2.75%
- chances are high for this trade to not work in current market environment, but risk reward can be really good if this trade works
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Trade active
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excellent follow through, massive volumes coming in, trail moved to cost
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with mid and small cap indices being over extended and seeing good correction, money is moving towards the safety of large caps. i will cut strictly if price comes back near to buy price. for those who want a safer approach, can book half now and remaining half at cost
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one of the strongest stock in a weak general market. trail now moved to 1700
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for the traders who book out on strength, now is a good time to book out half, 30% move, RR of more than 10:1. for traders willing to give back some portion of gains in order to play for a bigger move, keep trailing. i personally am booking out 35% of my size