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abhishek_sh4
Apr 28, 2020 8:00 PM

Tasty Channel Long

TASTY BITE EATABLENSE

Description

As the broader market is choppy, it's a big challenge to find outperforming stocks in such market conditions but still, I have tried to get a strong stock to trade.

Observations:

-> Bullish Heikin ashi pattern
-> RSI above 60 (Shows good strength)
-> Bullish MACD with increasing divergence
-> Healthy Channel ( Angle between 45*-30*)
-> Volume Profile: I have marked High-value node zone

Remark:

-> Its a risky trade, Risk to reward will be more than 1.25 but still it's a risky trade.

Comment

->No FNO data available
->No meaningful conclusion from delivery%
->Less Liquid stock

Order cancelled

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