Keep a close watch, as EMA 121 plays a important role on this stock. currently the price is trading in that range. Even there is a price range in stock from last few days. Which ever side it breaks there after we can follow the trend. (Maintain strict SL)
Note
Stock still in range. Not breaking any of the side. Keep a watchNote
Stock is not ready to break its range.Note
Look how nicely stock is trading under the specified range, It just hit the line and bounce back. Keep a close watchNote
Stock moving perfectly in range. Let it break the channel to enter into the tradeNote
What a perfect range bond. I would be aggresive which ever side the stock breaks the channelNote
Perfectly moving in the range. Waiting for the breakout to happen either on upside or the downside.
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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.