SUNTECK REALTY Daily chart breakout
The chart is pretty self-explanatory. A simple breakout with volume and SL if breakout fails based on risk taking ability. MACD is also suggesting a trend reversal but the reversal is on its very early stage. Also stock has crossed 9 MA (9 MA can be very useful for short term) and today the stock has crossed the last lower-high swing.
For a good trade, I keep fundaments in mind because and atleast 3-4 technical reasons to take the trade. For me, this trade fulfils all my tech analysis requirements.
For a good trade, I keep fundaments in mind because and atleast 3-4 technical reasons to take the trade. For me, this trade fulfils all my tech analysis requirements.
Trade active
Added 30% quantity, waiting for some momentum to add or exit.Trade active
Added more 50% quantity as it has breached 0.236 Fibo levels on daily chartTrade active
Added remaining 20% quantity on a dip, Averaged @ 279.9Trade active
Trailed SL below 296 and at cost.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.