LONG POSITIONAL
Updated
WEEKLY TF ANALYSIS
As we can observe the chart on weekly and daily TF it is making a good CUP AND HANDLE pattern. And we can see stock has retested the level of 600, if price sustain then below 610 is a good area to plan a LONG. As I have marked the levels 818 can be the TGT, and we can see kind of resistance at 775, 575 should be support zone. I am sharing my POV with you guys, you can study the chart by your own. Keep observing, any news related to sector can play a huge role.
PS: THIS IS JUST FYI AND NOT A BUY/SELL RECOMMENDATION.
Happy Trading.
As we can observe the chart on weekly and daily TF it is making a good CUP AND HANDLE pattern. And we can see stock has retested the level of 600, if price sustain then below 610 is a good area to plan a LONG. As I have marked the levels 818 can be the TGT, and we can see kind of resistance at 775, 575 should be support zone. I am sharing my POV with you guys, you can study the chart by your own. Keep observing, any news related to sector can play a huge role.
PS: THIS IS JUST FYI AND NOT A BUY/SELL RECOMMENDATION.
Happy Trading.
Trade closed: target reached
Today I booked all my profit as the stock reached our TGT.My Entry was at 600 and SL was 550, so you can calculate the returns.
Although I was expecting TGT to be achieved earlier, but it was a safe bet so far.
I am happy with my gains. Hope my study helped you too.
Thanks,
Keep Trading.
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