Market shows interest in PRAJIND
Updated
Monthly and weekly looking good and market shows interest at 91. Took long position with stop at 91. Immediate target is 115. If strong momentum continues it can become a multi month position. If 115 is met then plan to use 50 ema as the future stop and scale in whenever possible.
Trade active
There is a volatility contraction happening which can lead to expansion. Updating stop to 85 which is 2 ATR from the current location and below the cloud. Need to give the price some room to play out.Trade closed: stop reached
a236z
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