I am looking the stock have a short term up but deep correction before it moves out form this Zone , which i am expecting they will do in next week , here i have three possible set up for corrective move or short term trend trading set ups which will give few points before moving to long % impulsive move
01) The stock can brake descending TL enter for shot pull back and move to 296 then turn for correction.
02) The stock can move down near 286 and take support then move to 296 before turn down for correction
03) The stock can brake 286 and take deep correction and side ways then can possibly go for Long term impulsive move for % Gain which i think is very important to consider for larger gain , if stock moves entirely different form the current projections then one can expect the longer period of side ways before any Good move
Regards
01) The stock can brake descending TL enter for shot pull back and move to 296 then turn for correction.
02) The stock can move down near 286 and take support then move to 296 before turn down for correction
03) The stock can brake 286 and take deep correction and side ways then can possibly go for Long term impulsive move for % Gain which i think is very important to consider for larger gain , if stock moves entirely different form the current projections then one can expect the longer period of side ways before any Good move
Regards
Trade active
Comment:
Turning according to Explained in chart
Comment:
Price is moving exactly the way it is expected
Trade closed: target reached:
Target done 296
Regards
Regards