a) If you are watching daily charts, the first condition is that there has to be a SUSTAINED downtrend for a few trading sessions.I mean few Red Candles on daily Charts
b)On the last day of downtrend when the Oops buy occurs, there is a gap down, which opens well below the previous day’s low.
c)During the course of trading the stock rises and goes above...
At Support of Long Term Channel.
Can be accumulated till 173.
Investment View for 6 Months.
Other Details Mentioned In Chart.
Please consult your Financial Advisor before taking any decission.
I am not SEBI Registered Financial Advisor.
Stock has broken out of long term down trending channel. Can now be bought as a contra play. Holding period shall be medium to long term. So this call is only for investors.
For traders, breakout above 180 can be interesting.
(Pls do your own research before trading on my views)