This is sharp impulse down and dont be fooled by some move up , dont buy it right now and sell on after you see a flag formation or some thing similar to it
and Look to sell on the brake of the structure and book near new low . I am looking this as an Possible expanding flat ,
waiting is very very important for this kind of trades
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed ...
After a sharp correction stock is consolidating near its long term support levels if 700-710 and showing symptoms of trend reversal. Stock has made a perfect rounding bottom formation and getting ready for a breakout. People having mid to long term outlook may invest in small small quantities by adding M&M to their portfolio with a target of ...