Many people ask me how to find a crucial support area now this it a perfect example of it , It is not an recommendation It is just an observation. If you see here the zone of 1250 to 1260 is a crucial support zone which is tested for more than four times. The overall trend of this stack looks sideways. This is a perfect scene if you find and trade a reversal trade at support zone. This is the way you should shortlist your stocks for playing reversals. In earlier Idea of this stock (Check Out in comments) I want to play a major consolidation breakout but now it is better to find a reversal setup. ( Remember I am not telling you to buy this share , as no buying setup is there It is just for those people who want me to explain how I shortlist a stock and make a view on it before finding any buy sell setup)
评论
⋅
评论
⋅
support zone breached
评论
⋅
Subscribe to my youtube channel for learning more interesting things.