Stock has moved consistently in a downward channel and it has started the upmove from swing low. Though stock is in down trend, the upmoves in this stock are always fast.
Expecting a target of 4782 tomorrow itself, which is the channel resistance.
Entry: strictly below 4575 (otherwise the RR is not favourable)
SL : below the broken trendline at 4380
Trail the SL if trendline is broken and hold positionally. Else book profits in intraday.
*educational purposes only*
Expecting a target of 4782 tomorrow itself, which is the channel resistance.
Entry: strictly below 4575 (otherwise the RR is not favourable)
SL : below the broken trendline at 4380
Trail the SL if trendline is broken and hold positionally. Else book profits in intraday.
*educational purposes only*