Swing Trade (1-2 weeks): Can touch 56
Looks good in weekly, daily and hourly chart, moving in up-direction broke a weekly trend line and can change the direction of downtrend to upwards. For swing there seems a good trade @ 51 with SL of 45 for 65 and further to 80. As soon as it crosses 57 this becomes a good short term positional hold for 88/120+. When taking positional trade SL could be 40 and target 88/140.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
Looks good in weekly, daily and hourly chart, moving in up-direction broke a weekly trend line and can change the direction of downtrend to upwards. For swing there seems a good trade @ 51 with SL of 45 for 65 and further to 80. As soon as it crosses 57 this becomes a good short term positional hold for 88/120+. When taking positional trade SL could be 40 and target 88/140.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.