Description
⋅ Went Up too fast without any retracement.
Had to come back to the previous Swing High for the Support.
Bullish Engulfing on What can be said as Classic case of Resistance turning into Support.
It can turn out to be a good 1:3 Risk:Reward trade.
Not a recommendation.
Trade active
⋅ Decent breakout of the trendline.
I would have liked better Volume.
Closing basis SL trailing at 2000
Comment
⋅ Trailing SL weekly closing basis at 2100
Comment
⋅ Trailing SL weekly closing basis to 2300
Trade closed: target reached
⋅ Excellent Entry. Exited the trade with almost 10R.
Comment
⋅ Breaking out again.!! This is a Wow Stock.
Comment
⋅ Trailing SL at 4000. Too strong to trail. Wait and Let it make higher low.
Very good analysis. Thank you for sharing.
Regards,
Vanathi