Notes on the chart.
Trade safe, be healthy.
Do hit the like button.
Bravetotrade :-)
Trade safe, be healthy.
Do hit the like button.
Bravetotrade :-)
Comment:
Comment:
Comment:
Close above 374 would be the first sign that further upside is possible.
The level 378 would be worth watching if 374 is breached on upside.
The level 378 would be worth watching if 374 is breached on upside.
Comment:
Took 1/3rd profit @ 377
Comment:
We might face some Resistance or consolidation before crossing 378 as this is 61.8,% ret. if the recent down leg.
Comment:
I might reconsider adding this 1/3rd position again if and only if the stock topples to 370-372 area.
The SL for the rest of position is same.
The SL for the rest of position is same.
Comment:
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.
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.
Comment:
As planned 1/3rd position was added again at 369.60 and exited at 377 again.
SL for the rest of position is below today's low.
SL for the rest of position is below today's low.
Comment:
I am expecting the completion of the current third leg. I ll also scale out as planned above.
I am expecting the completion of the current third leg. I ll also scale out as planned above.
Comment:
There could be a bull flag break tomorrow.
Trade closed: target reached:
Second Target hit. Flag break worked. Left with 1/3rd now. Will update SL..
Comment:
TSL is 384 now.
Comment:
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.
Comment:
Sl revised to 389.80
Comment:
Sl revised to 390.80
Trade closed: target reached:
closed position at 392.50
After such a nice trade, I would like to sit on hands for the entire week or even month. All the best.
After such a nice trade, I would like to sit on hands for the entire week or even month. All the best.
Comment:
I am not participating in this down move.
JJ Singh
Trader/Investor
Moderator, TradingView
🚀Join t.me/jjsingh_2020 ,
A Free Education channel
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Trader/Investor
Moderator, TradingView
🚀Join t.me/jjsingh_2020 ,
A Free Education channel
🚀Tweet at twitter.com/JaySingh_2020