This is my trading journal, not a trade recommendation. Idea presented only for educational purposes for me and others who want to benefit from my experience.
Will buy more if comes at 62 again. Breakout of downward red channel lead to 90+
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I will wait for 62, if it comes
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Long with stop loss below 72
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Trade closed: stop reached
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Though market is sideways; Demand is picking up
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In a single day; market at push area- supply started here last time. breakout of this level is crucial for upward journey
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Holding gains
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Rejection from Supply zone(Gap) , will see the response from Demand zone (Neon green). results were still poor, market may go sideways for some time.
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shifted cyan line downwards
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Demand and supply - a different perspective in sideways market. Supply is coming ferociously from upper parallel, but demand is not willing to concede ground from base of rectangle of sideways market's lower boundary.
I am heavliy invested at 92 price ..... Whats your thought on this at this stage
AniketKabir
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@sbhandwalkar, results were poor, hence it is sideways. Technicals if coupled with fundamentals can give good guiding path. cyan line is laxman rekha for me. For me long is above inclined upper line, from which last rejection came at 105-107 level. This is only for educational purposes.
sbhandwalkar
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@AniketKabir, Any suggestions for me at this stage.
@sbhandwalkar, Fear and greed are strong emotions, hence retailers do not make much in stock market, if they remain for short duration. i had waited for 1 year prior to taking position, when first breakout happened.