REC , Daily ,Long

Jan 7, 2018

After a rising window , price consolidated for a couple of weeks , and then a nice breakout , which coincided with the down sloping trendline and the 50 EMA. Longs may be initiated for a swing target of 180 with a stoploss around 153.Also the price has crossed its 200 EMA , though closed below it.

Jan 7, 2018

Trade active

Jan 8, 2018

Note

Price has moved in our favor .Stoploss revised to 160.9 based on consolidation on hourly chart

Jan 8, 2018

Note

price has crossed previous day high 164.1 and made a new high of 164.3

Jan 9, 2018

Trade active

Prices took support at the 13 period EMA on hourly chart .

Jan 10, 2018

Trade closed manually

I had closed the trade as the prices closed below the 13 ema and a sort of head and shoulders was formed on the hourly chart.Though was able to be in green :-)
If prices find support at the 62 ema then we may re-enter long positions

Jan 11, 2018

Note

Seems it took support at 62 ema,we may re enter once it closes above the 62 ema and/or the green trendline