Iex short term target 200
Updated
Stock is trading above all important moving avg like 200,100,50.
Weekly breakout above closing of 175/77.
Strict Stoploss : 170
Target :200/235
Disclaimer : we are not giving any recommendations for buying and selling of securities /share. It is your responsibility to take care of your profit and loss.
This is only for educational purposes and ask your financial Advisor before entering into any trades and investment.
Weekly breakout above closing of 175/77.
Strict Stoploss : 170
Target :200/235
Disclaimer : we are not giving any recommendations for buying and selling of securities /share. It is your responsibility to take care of your profit and loss.
This is only for educational purposes and ask your financial Advisor before entering into any trades and investment.
Comment
update: the stock is 4% up from the breakout level of 174 and sustaining there. The nearest resistance for this stock is 188. After breaking of 188, this may be moved towards 196/198.Comment
if happens like that, then be ready for the target of 200/213/225.any anticipated rejection of this breakout may be considered with a long upside wick candle (inverted hammer, spinning top)and closing with the loss of all-day gain. keep watch on rejected candle formation.Trade active
next week is important. closing should be above 185
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