Broadening Bottom/Divergence Potential Trend Reversal Stock
Identifying the reversal and its timing is quite difficult and risky but sometimes its worth to take small risk. The stock is clearly in downtrend but it is forming Broadening Bottom reversal pattern and RSI is showing divergence. One can buy the stock by providing the SL of low of yesterday. If it works it could reward well. Being a volatile stock one can also try with low investment Options strategy like Bullish Call spread.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Transaction en cours
Entered with Bullish Call Spread for Rs 1.40Transaction en cours
Moved as expected.:)Trade fermée: ordre d’arrêt atteint
Although my investment was more than double but I've waited for the target and call spread is closing worthless so small loss of 1.40.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.