place stop below the support . opt for 1:4 setup
go with a strict stop loss . if shoots big in the first 1 hr candle then ignore and move on!
a good consolidation around resistance . good risk to reward ratio as well . buy only after BO . if breaks high ignore.
look for proper entry . considering EOD is better P.S : End Of the Day candle-EOD
as the dollar index clearly shows a break within the descending triangle . the global markets weakened . if it continues then the indexes might fall for a correction . have an eye on all your positions . trial your stop losses . be prepared
good financials with good base is always a good sign!
the chart itself explains everything . make use of it!
look out for this with proper position sizing
you all know about the history of this stock . hence take positions carefully.
If you are willing to take on this , please go only with minimum quantity . and rely on the weekly tf itself as day timeframe might not give you a clear view.
price is been consolidated for a while but seems to be bullish for coming weeks . 1st target and sl is mention in the pic itself
as the broad markets are a bit unpredictable now.. take positions only with a very stringent stop-loss
price after a 14% downfall is currently has formed a good bullish engulfing pattern at the support . don't jump right at the opening of the market wait for the day to close then consider taking position . be a risk averse trader as the entire market is in downtrend for a while!
enter only with a minimal stop-loss