patanjali time to book profits
Updated
booked profits today will accumulate again on lower levels
suddenly there are a lot of buy calls on Patanjali from various broking houses for me i like to take lonely trades never follow the crowded trade there was no coverage when the stock was at 1000 levels suddenly there are a lot of buy calls coming from many directions that is a warning signal i will add on lower levels and not comfortable with the stock gaining so much limelight
and technically also there are few early signal of a pullback on daily charts rsi is facing resistance on 60/65 levels and has completed 5 up waves and is going into a correction waves and on weekly has completed third wave on weekly i will wait for 4th downwave completion and then renter again this is just a pullback in the stock major trend is intact
suddenly there are a lot of buy calls on Patanjali from various broking houses for me i like to take lonely trades never follow the crowded trade there was no coverage when the stock was at 1000 levels suddenly there are a lot of buy calls coming from many directions that is a warning signal i will add on lower levels and not comfortable with the stock gaining so much limelight
and technically also there are few early signal of a pullback on daily charts rsi is facing resistance on 60/65 levels and has completed 5 up waves and is going into a correction waves and on weekly has completed third wave on weekly i will wait for 4th downwave completion and then renter again this is just a pullback in the stock major trend is intact
Trade active
Trade closed: target reached
down move near completion accumulation range in 1200 to 1100
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