L&T Possible Upside
Updated
The Price action seems bullish from here after a decent downtrend. Reasons:
1) 3 strong red candles are nullified by a single green candle with above average volumes.
2) Happened near lower line of a channel.
Target: 1020 (upper end of Channel)
SL: 844 (recent swing low)
(PS: Expect a little resistance at the control price.)
1) 3 strong red candles are nullified by a single green candle with above average volumes.
2) Happened near lower line of a channel.
Target: 1020 (upper end of Channel)
SL: 844 (recent swing low)
(PS: Expect a little resistance at the control price.)
Trade closed: stop reached
SL was 884 not 844. We can re enter when it breaks the trendline of last 5 days candle.
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