padiyaraa
Long

SML Isuzu Ltd: ₹ 922 Oversold @support Res:1080 stop :903

NSE:SMLISUZU   SML ISUZU LTD
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SML Isuzu Ltd: ₹ 922 is highly oversold and trading near the bottom support line with positive divergence I the indicators. Res: ₹1080 & ₹1160, Stop: ₹903
Monthly chart breaking the long term Support.

Is the buying recommended just for a bounce back.
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padiyaraa xclusiv_abhi
@xclusiv_abhi, For a long term investment one has to wait ill for the price consolidation, that is not visible here,
Currently it is near 50% retrace, then a 62% retrace from top ₹1671 will be around ₹775.

Til then, there will be a enough time one can utilize for many swing, if they wish to make an entry
for 20% to 30% gain with a 2% risk. that mean you spent ₹ 922 , if the trade go as expected we can make sure gain of ₹200
and if we loos it will be only ₹20. it says the RR ratio seem to be favorable for an entry here.
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xclusiv_abhi padiyaraa
@padiyaraa, good trade with minimal risk :)
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padiyaraa xclusiv_abhi
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