MFSL is a swing trade on the long side wit Target of 950 with SL of 850 (RR is 1:1)
Have indicated 4 prior instance where stock has bounced back from 50 DMA on daily chart. This is the 5th chance.
Simple but effective strategy. All the best.
Do you own analysis before investing.
Have indicated 4 prior instance where stock has bounced back from 50 DMA on daily chart. This is the 5th chance.
Simple but effective strategy. All the best.
Do you own analysis before investing.
Comment:
Exited fully at 940 as we are close to result announcement. Those with higher risk capacity can hold with trailing SL