SWING IDEA - ANDHRSUGAR
Updated
Stock seems to have completed its Lower Low Price Action and MACD looks to form Higher Lows.
Good Election Results has also helped the stock to start picking up momentum now. It could start seeing the Price Action change directions to Higher High and Higher Low Patterns.
There seems to a Convergence Divergence in play as well.
The newly elected CM will have his swearing in ceremony on June 12.
Also 112 currently seems to have formed as an immediate support level. This is also a Key Support level now for the stock to maintain in order to go up further.
Good Election Results has also helped the stock to start picking up momentum now. It could start seeing the Price Action change directions to Higher High and Higher Low Patterns.
There seems to a Convergence Divergence in play as well.
The newly elected CM will have his swearing in ceremony on June 12.
Also 112 currently seems to have formed as an immediate support level. This is also a Key Support level now for the stock to maintain in order to go up further.
Note
15% Profits done so far. Trade seems to be going exactly as expected.
Could hit targets sooner than expected.
Keep a close eye.
Note
Bounced again from our Entry and Support Zone. Still taking good Support at 112 levels.Trade closed manually
Achieved Max Profits of 15%. Unfortunately, the trend has reversed and going downward. Better to exit. Do not hold further. Congrats to those who where able to book up to 15% Profits.
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.