DLINKINDIA trade ideas
Long - DLINK India (CMP93) - TGT 110Attempt to move ahead from the horizontal channel for the last 3Months with surge in volumes, would find stops at previous demand zone and 200SMA.
Visibility for a 25% return on the name in 3-4 weeks time frame.
Given the beta of the name stops should be little deep only one warrants it.
Dlink suspected showing stopping volumeD link which is currently near a fibo support suspected showing stopping volumes.
Conservative longs
Buy above 92
SL 70
Tgt 106/124/ and more
Aggressive longs
Near 80 ( on reversal signs in min 1 hr clbs)
SL 70
Tgt 106/124/ and more
