It can be good choice for swing trade for a couple of weeks if it breaks the downward trend-line followed from 13 Oct 2021.
Trade Details:
Trade Active: When trend Line breaks
Entry: below 63
Stop Loss: Below Trend line
Targets: 66, 69.7, 74, 77
Holding Period: at least 2-3 weeks
Use trailing Stop Loss: Keep Stop Loss below the target , once the stock is going for next target.
Happy Investing :)
- For this stock 60.7 acts as a crucial level from May 2004.
- The Stock is at a trend line support
Trade Details:
Trade Active: When trend Line breaks
Entry: below 63
Stop Loss: Below Trend line
Targets: 66, 69.7, 74, 77
Holding Period: at least 2-3 weeks
Use trailing Stop Loss: Keep Stop Loss below the target , once the stock is going for next target.
Happy Investing :)
Note
Consolidating at the trend lineTrade active
Can be bought at or below 62, braking trendline with high volumeTrade active
Entry below 63Note
Just wait for the target or Stop Loss, Happy Trading :)Trade active
Last day it traded with volume above last 20 MA and price going upwards. Keep looking :)Note
Keep SL at 58, use trailing SL once a target is reached.Note
The ~60.7 is acting as quiet crucial till now :)Trade closed: stop reached
@ 57
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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.
Related publications
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.