Sharing analysis for daily TF only. Not a SEBI registered analyst, just sharing opinion. Please analyze carefully before investing.
Earlier price was showing hidden bullish divergence and then price gave a move of 6% in 3 weeks ( not bad for large cap).
Now, Price is breaking out from trendline & RSI is also at 60. Price looks almost ready for move. May be taken for a swing or can be a good entry for long-term accumulation.
Close the position if price closes below 50 EMA in daily for 3-4 days.
Earlier price was showing hidden bullish divergence and then price gave a move of 6% in 3 weeks ( not bad for large cap).
Now, Price is breaking out from trendline & RSI is also at 60. Price looks almost ready for move. May be taken for a swing or can be a good entry for long-term accumulation.
Close the position if price closes below 50 EMA in daily for 3-4 days.
Trade closed: stop reached
Gave a 11% move from entry. I hope you guys booked. Even if you were holding, trade should have been closed after price closed continuously below 50 EMA in daily.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.