>A good breakout above a multi year strong resistance of rs100 and a good consolidation at 38.2% fib level and retest of 50EMA. >A long position can be initiated between 122 to 130 for a target of at least 30% with a stoploss of 115 >A favorable risk reward ratio of above 4
@SP4900, Hold it as long as it hits your either target or stoploss.. that's how swing trade works
vinothbabu13
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Is it good to take swing trade in SAIL July Futures at this price?
smallcapDADDY
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@vinothbabu13 I am not a registered financial advisor but you can take a swing trade but stick to your stoploss strictly
vinothbabu13
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@smallcapDADDY, Thanks... Any idea on Bata India for this month to cross 1600?
smallcapDADDY
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@vinothbabu13 Currently under price consolidation standing right above 50EMA if bata can sustain 1550 then we can see a uptrend with a immediate target of 1670 and if it can sustain above 1680 then next target would be around 1800