Entered on 24 Jul 18 on 5619.95 with a stop loss at 5447.10
TSL update on 03 Aug 18 from 5447.10 to 5930.00
TSL update on 09 Aug 18 from 5930.00 to 6130.10
Current Trailing Stop Loss: 6130.10
In case of hitting Stop Loss confirmed profit: 510.15 points
The stock is showing strong support at the 4080 levels. The current pattern shows a descending triangle, constantly testing this support level for the past 3 months. The descending triangle is showing exhaustion as indicated by the Accum/Distribution trend. The A/D is a leading indicator that takes into account volume aspect of the trade as well. One should expect...