In case of AFFLE India, in the daily chart frame, we can observe the price made a lower low before finally making an upmove from 3800 to 4350. However the RSI made high lows which is the complete opposite of the price movement. This indicated that the buyer strength was increasing even with the drop in price.
How should one trade?
One should go long with a SL below the latest low of the price i.e. 3800
In this case, since the stock has already moved up, one should wait for the stock to again come back to 4000-4200 levels for buying with a SL below 3800. One can take a target of 5000 and beyond in short term.
The stock is a quality bet which is now available at almost 30% discount from its 52 wk high.
How should one trade?
One should go long with a SL below the latest low of the price i.e. 3800
In this case, since the stock has already moved up, one should wait for the stock to again come back to 4000-4200 levels for buying with a SL below 3800. One can take a target of 5000 and beyond in short term.
The stock is a quality bet which is now available at almost 30% discount from its 52 wk high.
액티브 트레이드
The stock didn't come back to 4000-4200 levels and gave multiple upper circuits to reach 4800..Just 4% away from target of 5k..Cheers!거래청산: 타겟 닿음
The stock is now trading at 6k levels. Recently it went through a split too..Target achieved..Great trade. Cheers to those who traded this stock!
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.