Long

Bharat Dynamics Limited. Target 1900. Bullish Setup. Long - SL

Zaktualizowano

Bharat dynamics is in a strong uptrend with momentum.
One can take a long right now, or above 1650.
Stop-Loss will be at 1480.
Targets of 1900 and beyond

Uwaga

This is purely for Educational Purposes. Head and Shoulder pattern

Zlecenie aktywne

Update 03/07/2024 2:25 pm. Price needs to hold and close above 1650 on daily time frame for a breakout. Morning move seems to have been rejected by selling/supply at higher levels. Still holding the trade with SL of 1480.

Uwaga

Update 05/07/2024 10:15 am: Closed yesterday above 1650. And today, moved above yesterdays highs. Trailing Stop loss to 1560 now and holding trade.

Uwaga

Update 10/07/2024: Price action came very close to the stop loss of 1760 but did not hit it. End of Day close on neckline. Holding the trade, could be a breakout and retest of the neckline. Maintaining stop loss of 1760 and carrying the trade.

Uwaga

16/07/2024 1:06 pm.

Price action breaking down below neckline of 1635-1650. If price stays below this range upto 2:30 pm, trade will be closed manually, and a small loss will be taken, for possibilities of better employment of the capital. Hard Stop loss remains the same at 1560

Zlecenie zamknięto ręcznie

Exited Trade on 16/07/2024. Price closed below 20 DMA and below the neckline of 1635. A small loss of Rs 46 per share. The money can now be employed in better opportunities.

Uwaga

Update 18/07/2024

Exiting the trade seems like a good idea. Now we employ the capital in a better trade, or wait for another pattern formation.

pridefulChile

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