EID Parry
I already traded in this. Exited in profit.
Sharing this for learning and observation.
Stock price taking bounce when it comes near 50 MA. I took a 1:2 risk when the Price came near 50 MA. Kept trend line as target.
Support based trades may not work all the time. Risky trades.
One of the reason I took this trade is because PPFAS mutual fund bought these shares. I thought once the selling is absorbed it should give a spurt, later it continues to move up if more buying comes or go down if sellers take over. Whichever case I followed GTT.
Price retraced to 50 MA now with no volumes, I am expecting a bounce again but this time I will watch and observe.
I already traded in this. Exited in profit.
Sharing this for learning and observation.
Stock price taking bounce when it comes near 50 MA. I took a 1:2 risk when the Price came near 50 MA. Kept trend line as target.
Support based trades may not work all the time. Risky trades.
One of the reason I took this trade is because PPFAS mutual fund bought these shares. I thought once the selling is absorbed it should give a spurt, later it continues to move up if more buying comes or go down if sellers take over. Whichever case I followed GTT.
Price retraced to 50 MA now with no volumes, I am expecting a bounce again but this time I will watch and observe.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.