DBL
CMP 1114
Target 1280 plus
Stop 960.
Daily Chart
1) Stock has bounced back convincingly after a long period of cup based consolidation.
2) Stock has also bounced back from 30 day ema support.
3) Relative Strength bounces back from support.
Strategy
Aggressive traders can buy at CMP.
Conservative traders can buy at possible retracements around 1170 to 1115 levels; but should be prepared to miss out if rally continues without retracement.
Target 1280 plus and Stop at 960.
CMP 1114
Target 1280 plus
Stop 960.
Daily Chart
1) Stock has bounced back convincingly after a long period of cup based consolidation.
2) Stock has also bounced back from 30 day ema support.
3) Relative Strength bounces back from support.
Strategy
Aggressive traders can buy at CMP.
Conservative traders can buy at possible retracements around 1170 to 1115 levels; but should be prepared to miss out if rally continues without retracement.
Target 1280 plus and Stop at 960.
Trading is my passion.