I will buy GODREJPROP because :
It has been taking support at the trend line .
It has touched the support.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 1254
Target : 1432/1508
Stop loss : 1218
Note: This is for educational purpose only.
There is a INHS breakout on back of volume. Price is coming to re-test resistance turned support with reducing volume. RSI above 65 indicates bullish momentum.
HOW TO FOLLOW ALGO SIGNAL:
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...