Near Key zone breakdown , Can become weak below 245 level
NSE: Delta Corp 277 Looks good for a small swing trade A good example of change in market structure was in a downtrend making lower low went into consolidation and then broke the range of consolidation Perfect entry would be to buy in the range of 266-272 With a target of 300 Sl 260 View for education purpose only
As shown in chart, we will see bullish or bearish breakout in this stock as it makes a flag pattern (may be i am wrong in pattern name if you know the pattern name then please tell me). next week or this week we will see pattern breakout so i suggest you to wait untill breakout. my personal opinion is that it will go bearish in next few days as i can see it will...
Buy at 261 or 261+ Target :- 264, 265 SL :- 260 or 259.50 this is not a trading call this is only for education purpose if i am wrong then please let me know i will improve myself.. Thanks in Advance....
You can do short up to 98-100. I've used Bollinger bands, DMI and support level around 100 which is last hope for this stock.