3M INDIA LTDLong
3MINDIA - Nice Reversal?
Updated
RSI is looking strong and closing is also above 20EMA Band.
Expecting it to fall a bit to normalize the RSI, which CAN BE the right time to enter.
For stop loss, closing below 20EMA band or previous swing low can be used. It is purely individual study and choice.
Currently market is very volatile and we also have earning of 3MINDIA in coming week, which can contradict my study and analysis. Hence do your own analysis and act accordingly.
Strictly follow Risk Reward management and strict SL is necessary.
Expecting it to fall a bit to normalize the RSI, which CAN BE the right time to enter.
For stop loss, closing below 20EMA band or previous swing low can be used. It is purely individual study and choice.
Currently market is very volatile and we also have earning of 3MINDIA in coming week, which can contradict my study and analysis. Hence do your own analysis and act accordingly.
Strictly follow Risk Reward management and strict SL is necessary.
Trade closed: stop reached
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