Priceactionstrategy
Vimta Labs - Buy, using simple support and Resistance linesSupport and Resistance lines act as good levels for entry and Exit. In the chart of Vimta labs, two resistance lines are drawn. The way to trade this setup is to either go long after the breach of first resistance line or to wait for the stock to retrace after the second touch of the resistance line.
Go long either around 76-77 or after 88 is taken out.
Target- 118
Stoploss - 70
Happy Trading,
Pre-Open Stock Chart-1 #HDFCBANK for 23-JAN-2020Pre-Open Stock Chart-1 #HDFCBANK
Yesterday it has opened Gap-Up and then given Down-Trend & currently it is at very important point as per
the Orderflow.
If it is able to sustain below CZ Zone, it can easily go till 1230-1225 zone quickly
Buy Setup can be only initiated after break of trendline and CZ with WRC candle & Volume
#LearnWithKRMG