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It is been observed on the daily chart that the price action is bouncing back up to fill the previous gap down levels. It shall further climb up. It is positional trade setup can go long for weeks.
Target 1- 535
Target 2- 550
Stoploss: 515
Target 1- 535
Target 2- 550
Stoploss: 515
Trade active
Trade active:
Moving up steadily.
Trade active
Trade active
Trade closed: target reached:
Target 1 reached successfully.
Trade active
Trade closed: target reached:
The price action has already touched 550 levels but could not update it on time.
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rajesh2467
holding OTM CE580 , CMP from 550 back to 527 level
+1
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NeeteshJain
rajesh2467
@rajesh2467, Keep holding it until it is above 515 levels.
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abhinavk31
Hi neetesh is this trade still active for 550? Or shud I book profits thanks
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NeeteshJain
abhinavk31
@abhinavk31, The price action has already touched 550 levels on daily chart, and now, you may hold it till 532 levels on closing basis to retest 550 levels again.
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abhinavk31
NeeteshJain
@NeeteshJain, thanks for your reply. Can we say this stock is bullish in medium term. Is it worth holding for next 4-6 months?
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NeeteshJain
abhinavk31
@abhinavk31, Yes, if it holds 500 levels.
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mpjegan90
Is it right time to buy for medium term say 2-3 years?
+1
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NeeteshJain
mpjegan90
@mpjegan90, Yes
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mpjegan90
NeeteshJain
@NeeteshJain, Could you please tell crucial support zones to watch out. Thanks a ton in advance.
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