Rajesh Exports
Trade Setup:
Weekly: Making a round bottom. Crossed resistance of 560 INR with volumes. Trading above 50 EMA (sloping upwards) & 200 EMA
Daily: slope of 50 EMA and 200 EMA is upwards indicating momentum. Took support (long wick) on 50 EMA as well.
Entry = CMP ie; 613 INR
SL = below 560 INR. Consider 550 INR as SL (with buffer) on weekly closing basis
Target = 730 INR
RR = 1.8
Keep trailing your profits, and have patience in the stock.
Weekly: Making a round bottom. Crossed resistance of 560 INR with volumes. Trading above 50 EMA (sloping upwards) & 200 EMA
Daily: slope of 50 EMA and 200 EMA is upwards indicating momentum. Took support (long wick) on 50 EMA as well.
Entry = CMP ie; 613 INR
SL = below 560 INR. Consider 550 INR as SL (with buffer) on weekly closing basis
Target = 730 INR
RR = 1.8
Keep trailing your profits, and have patience in the stock.
Trade fermée: cible de profit atteinte
16Nov21: target reached, and trade closed. took bit of time, but a nice trade :)
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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.