Deepak Fertilizer getting ready for a run up
DEEPAKFERTStarted tracking it since it last broke 52-week high on Nov 6. It gave a good closing but because of the overall market correction couldn't get the follow up move.
Next attempt to break was made on Nov 12th. However, the traders past stuck on the high took it as exiting opportunity at breakeven.
Since then it has been going on like that. So as a result all weak hands are out.
Now as the range tightening and liquidity contracting, the setup is almost set to make it further move either side.
As you guys know I approach every trade as 'Risk-First'. Rather than hoping how much profit I can make, I first see how much I can lose in a setup.
So my risk is here just ~0.9% which is suitable for my trading style.
Expecting a blast in a day or two as market gets out of its indecisive mood.
Keep observing. Keep improving.
Bcz, in trading:
#Learning is the ultimate Earning 🎯📚
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.