SWING IDEA - NDTV
Updated
The Stock seems to be following the Trendline and successfully forming Higher High and Higher Low Pattern.
Convergence Divergence is also in play currently.
MACD Crossover has also happened exactly at Trendline retouch indicating a move upward.
Election results has helped the stock to rally as well, since Modi government retains power for the 3rd time.
If everything goes well, stock should be ready for its next leg up and possibly start making new Higher Highs too.
Convergence Divergence is also in play currently.
MACD Crossover has also happened exactly at Trendline retouch indicating a move upward.
Election results has helped the stock to rally as well, since Modi government retains power for the 3rd time.
If everything goes well, stock should be ready for its next leg up and possibly start making new Higher Highs too.
Note
Most likely retesting the trendline again. Let's wait and take positions after successful close above Trendline only.Note
Trendline is holding well. Stock is trying to re-bounce again from the Trendline zone.Note
Still stuck on the Trendline unfortunately.Note
No drastic change or movement yet. Our Trendline is still holding well as of now.Note
Still stuck on Trendline as of this week too.Trade closed: stop reached
Unfortunately looks like we have to exit this Trade with a Stop Loss. Trendline seems to be completely broken. 
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