pricewise correction probably done, but timewise correction is yet to be complete.
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Entered on 30 July 18 on 246.60 with a stop loss at 231.50
TSL update on 10 August 18 from 231.50 to 246.00
TSL update on 20 August 18 from 246.00 to 246.15
Current Trailing Stop loss = 246.15
In case of hitting stop loss, only 0.45 points loss
A good morning star at the bottom , it has broken the highest high of the candle of morning star pattern today.
also there is Bullish divergence in RSI and MFI.
there is 200 DMA around 233 levels , 20 DMA around 226-227 and a good resistance at 238-240 levels keep an eye on this. i traded the morning star bought at 228.90 .
Expert comments are always welcome and...
We saw an RSI Divergence during the 2nd week of May.
And the prices are breaking all the supports ever since.
All the other info is marked on the chart.
I would prefer to stay away from this stock until a strong bullish confirmation is received.
The stock tested highs of 301 in late 2017 and has not made any major headway since then. It is moving in a broad trading range over last couple of weeks. A rounding bottom formation is observed within a large symmetrical triangle. Such formations have larger possibilities of getting resolved with a breakout on the upside. The prices have closed above the upper...