A STRONG CHANNEL
Updated
STOCK IS CURRENTLY TRADING IN A STRONG CHANNEL
AND IS CURRENTLY AT THE HIGHER END OF THE CHANNEL
SOME CORRECTION IS EXPECTED AT CURRENT LEVELS RSI AT 54 WITH A SHARP DOWN TRIGGER
MACD AT SAME LEVELS NEGATIVE CROSSOVEREXPECTED BY THE END OF THE DAY
IT SECTOR IS CURRENTLY OVERBOUGHT MIGHT CORRECT EVEN MORE IN THE COMING WEEK CAUSE OF DOLLAR GETTING WEAKER AGAINST RUPEE
ACTION:
GO SHORT @485
TGT-473.50
STOP-495.80
AND IS CURRENTLY AT THE HIGHER END OF THE CHANNEL
SOME CORRECTION IS EXPECTED AT CURRENT LEVELS RSI AT 54 WITH A SHARP DOWN TRIGGER
MACD AT SAME LEVELS NEGATIVE CROSSOVEREXPECTED BY THE END OF THE DAY
IT SECTOR IS CURRENTLY OVERBOUGHT MIGHT CORRECT EVEN MORE IN THE COMING WEEK CAUSE OF DOLLAR GETTING WEAKER AGAINST RUPEE
ACTION:
GO SHORT @485
TGT-473.50
STOP-495.80
Note
TECHM MOVONG AS EXPECTED HOLD OUR POSITION TILL 473Trade active
AS MENTIONED BEFORE TECHM IS REWARDING THOSE WHOSE ARE TRADING THE CHANNEL BOUNDS HOLD ON TO THE STOCK OR ONE CAN LOOK TO BOOK PART PROFITSKNOW OUR STOP IS ENTRY PRICE
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*index update and oi analysis
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