Vmart - 2 trades (Momentum + breakout)
Updated
VMART - currently we are seeing momentum is in play and stock do short term consolidation before 3rd breakout.
if it breaks 3200, we can see long term breakout.
current target of momentum is 3200 and we will visit once it breaks 3200 . momentum trade SL is 2775
if it breaks 3200, we can see long term breakout.
current target of momentum is 3200 and we will visit once it breaks 3200 . momentum trade SL is 2775
Note
Taken position @2880 with SL 2775Note
Holding position. no major changeNote
consolidation still going on at 50% of momentum barNote
Momentum resistance acted very well. lets wait for breakoutNote
Stock is consolidating and may be completing handle formation.we will wait for breakout to add more position.
Trade closed: target reached
made 5%so trade closed
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