As you see it's on good track breaking trendline and giving retracement . Take action as per your RR with proper SL . Study the chart how is it react
As it's taking good support you may watch the chart fie short term good movement with marked area as stop loss . Stop loss is important in trading. Before go to any trade first select your money you want to loose. Then decide to go on trade .
Nice and clean chart itake support of Qdz . Must study the chart try to learn
For learning purpose only read the language of chart what would it want to say
Try to research stocks by top down approch after long time price at QTRLY mthly daily dz good price at CMP and below price where you get it with proper risk management as risk management is the key of trading. Always keep track on stocks for study perpose not a buy or sell recommendation
Price reverse from MSZ with full force towards MDZ in this way it had first reach DZ1That may be aggressive entry it may break but DZ2 Is strong zone . Probability of price reverse from here is high one can watch for study purpose.
After long down movement it's time to reach altimate demand or you called ipo time demand where from sharp jump can made by price it's high probability. All things are marked on chart for educational purposes. Learn them and see how price react to these demand zones . Not a recommendation of buy or sell . Always try to analysis the chart share here. By like and...
As per market structure it's nearing demand zone one can analysis it's chart for study perpose.
After long term downtrend will seems to be halt at wekly demand zone then reversing . In this case watch the price as I noted on chart . This was the approch to trade the stock. Analysis must be done before you buy not after buying stock. Keep learning. Not a buy sell recommendation pure learning.
As you see in weekly time frame it has range which on brekout now watch stock for proper brekout then sustain above and on retest to brekout line it will be buy with swing los SL.learn the process how market work . Do proper analysis before taking any call. Iam just posting here for learning perpose.
Learn this how price react from demand zone and breking trend line.
As you see price on the edge of trend line if it shows reversal sign on next week candle then good swing trade possible
short term swing trtade possible as its in divergence