AMARAJABAT, looks like is done with a huge correction and now it is showing signs of reversal. Looks Very good for SWING trade as well as long term investment. My simple analysis is in the chart itself. If it reverses, I personally will try to ride the trend with trailing SL.
On daily time frame the stock to me,, seems to be in accumulation phase near the support on the weekly time frame, and formed a hammer rejecting the lower levels and bouncing back from the support.
Let's see how it plays out and hoping this stock to be kind now and reward us all.
In the end, Market is supreme, follow your setup and respect the stops, be disciplined. Wishing you all Happy Trading..!!!!
On daily time frame the stock to me,, seems to be in accumulation phase near the support on the weekly time frame, and formed a hammer rejecting the lower levels and bouncing back from the support.
Let's see how it plays out and hoping this stock to be kind now and reward us all.
In the end, Market is supreme, follow your setup and respect the stops, be disciplined. Wishing you all Happy Trading..!!!!
- Frist target could also be around the levels of 760