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tanya151181
Jul 10, 2022 10:03 AM

GOOD POSITIONAL BET AFTER 55% CORRECTION Long

INFO EDGENSE

Description

INFO EDGE has corrected 55% from it's top and has now given it's 10 month old trendline breakout.

It is making higher swing lows exhibiting a bullish upcoming moves. Aggressive traders can buy above 3990 (4000 safer) for both intraday and positional trades.

Big hindrance would be 4225 level which has been a strong support and resistance zone for more than a year.

Once this level is breached and price starts to close above this zone one can take a safe positional bet in this stock.

Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is positional and only carry position on day closing basis.

Learn & earn,

Dr . Tanya Kumar
Comments
LearnNDEarn
Thanks for sharing the chart.
karam.banwait
Did you see weekly chart , Head and Shoulder, that may take price further low
tanya151181
@karam.banwait, possible - this idea isn't triggered yet. If it closes above 4k we can expect some upmove
karam.banwait
@tanya151181, but downside trade is already triggered
tanya151181
@karam.banwait, triggered today
karam.banwait
@tanya151181, thank you for notifying
maalathijagan
going down probably taking support at 3700
tanya151181
@maalathijagan, yes. Idea is not triggered yet...
amarnath3313
Nice Chart Mam,
Good For long term and buy in dip
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