Blue Star
Stop loss 655
Entry 684-703
Target 775-827
Levels marked in chart.
Currently looks high in curve and facing selling pressure.
Entry band to be observe before taking position.
POV-1: If it break the band down then hold and wait for reversal or small qty addition (May be in SIP typically 2-10) till it maintains above 200 EMA on weekly chart, if it break 200EMA should exit completely.
Reversal from 655 level could be safe.
POV-2: If it breaks the band and reverses from 655 (this is my ideal estimation looking at chart). Position can be taken from the estimated target.
Pls share ur views.
Stop loss 655
Entry 684-703
Target 775-827
Levels marked in chart.
Currently looks high in curve and facing selling pressure.
Entry band to be observe before taking position.
POV-1: If it break the band down then hold and wait for reversal or small qty addition (May be in SIP typically 2-10) till it maintains above 200 EMA on weekly chart, if it break 200EMA should exit completely.
Reversal from 655 level could be safe.
POV-2: If it breaks the band and reverses from 655 (this is my ideal estimation looking at chart). Position can be taken from the estimated target.
Pls share ur views.