SWING IDEA - SMRUTHIORG

Stock has completed its Lower Lows Pattern last Jan 2023.
New Higher High and Higher Low Pattern has been in formation ever since the last Swing Low.
MACD Cross has also been happen with a Higher High Pattern.
Lets hope the recent MACD Cross takes this stock to its next leg up.
Stock is also slowly gaining some decent volume.

Note: Patience is Key here as the stock is under slow movement for since a year now. But once the nearest Resistance zone is broken, it could see very good volume upward.

Note

Looks like we have still not gained momentum in the upward direction even after a month. Will get a much better clarity in the coming weeks if to just exit this trade instead.

Trade active

At our Entry Zone again.

Note

Looks like our setup might get invalidated. Let's give it a few more weeks and see how it plays out.

Note

Good chance our entry levels has turned out to become a good resistance zone. Better to exit position if still holding. Risk takers can hold another couple weeks to see what happens.

Note

While, Price had visited our SL region, the Weekly close has not happened at the SL region. You can still continue to hold this trade as per your Risk Management. Trend still looks intact.

Trade closed: stop reached

Unfortunately trade hit Stop Loss. Trend didn't continue as per our expectation.

thepranam

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thepranam

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