psumita108

SAIl- for swing trade

Long
psumita108 Updated   
NSE:SAIL   STEEL AUTHOR INDIA
price action in the script has formed lower lower but with less power indicated by MACD histogram. Best time to hope in once you look at any bullish candle forming.

more details will be updated
Trade active:
As insinuated you see a bullish move again. Having a better knowledge of patterns and the behavior of candlestick helps you take better chances with reliable returns.
more details will be added soon
Comment:
Opening with gap up that is what usually happens when there's divergence. Always look for the patterns which you understand and have expertise in.
More to go.
Comment:
Time to book profit as there's evening star has formed sign of some correction. 6.87% is still a great profit for swing trade in T + 2nd day. we'll wait for some more chances.
Trade closed: target reached:
As you saw that before the bearish move I have insinuated to book a profit and now you can see CMP by yourself. 6% is still a moderate profit not a significant but it's better than a loss of capital. Do follow the Directional movement strategy as it works 47% percent of the time in reliable time-frame.
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