Trade safe, be healthy.
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The level 378 would be worth watching if 374 is breached on upside.
The SL for the rest of position is same.
Although the candle on the daily chart was an indecisive Doji, it still managed to close above 374 -- our first level of resistance. It is a dubious positive signal for this trade as I dun see enthusiasm by the buyers beyond resistance. Some consolidation above 374 will be good though for the near term.
The big bearish candle of 12th Dec. is a very bearish signal, which might hurt our last target. If bears take control the stock might reverse from the 386 level. So at that level I ll take another 1/3rd profit and trail the rest for 393.
This trade is so far good and hope for the best.
SL for the rest of position is below today's low.
I am expecting the completion of the current third leg. I ll also scale out as planned above.
There could be a bull flag break tomorrow.
Stock is reversing just 2 points shy of my target. Its difficult to hold and wait at this point. I am trailing Sl to 388.50 now and exit entire position.
After such a nice trade, I would like to sit on hands for the entire week or even month. All the best.
I am not participating in this down move.
Rest is on overall market.