VOLTAS: Trading a DZ with Up Trend
Updated
Voltas has been making all time high and is in an Up Trend. As a trader we would like to buy with the trend. Here on 60 min we can see:
Rally, Basing (Pause) and again a Rally; A Demand Zone Pattern which can be used as a Long Strategy.
Disclaimer: Ideas published here are for information purposes only and do not advocate any buy or sell recommendations
Rally, Basing (Pause) and again a Rally; A Demand Zone Pattern which can be used as a Long Strategy.
Disclaimer: Ideas published here are for information purposes only and do not advocate any buy or sell recommendations
Trade active
Trail the SL to Cost/Breakeven:As a strategy we would like to trail the SL to cost/breakeven. Prices have reached 550 and opposing suuply zones have made the trade with lower probability.
Hence Trail SL to Cost
Trade closed: stop reached
SL was trailed above to Cost, which has been hit
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