SWING IDEA - RSWM
Updated
Price Action is starting to forming Higher High Higher Low Pattern ever since the recent Swing Low levels.
A MACD crossover in also in the play, which could indicate that the Stock is currently in a Bullish momentum.
There is a S/R zone at 227 levels too. Price could initially get resisted from this level for the time being. However once we have a successful breakout from this S/R zone, we can see the stock go all the up until at least the next S/R zone.
A MACD crossover in also in the play, which could indicate that the Stock is currently in a Bullish momentum.
There is a S/R zone at 227 levels too. Price could initially get resisted from this level for the time being. However once we have a successful breakout from this S/R zone, we can see the stock go all the up until at least the next S/R zone.
Trade active
Note
News: RSWM Chief Financial Officer Avinash Bhargava died on Thursday due to cardiac arrest, the textile company said in a same-day Indian bourse filing.Shares of the company rose 9% in recent trade.
Note
Achieved 18% Profits so far. Trade seems to be going exactly as expected. Trade closed: target reached
Trade Completed. Target Achieved.
Total 23% Profits booked.
Time Taken = 3 weeks.
Congrats to those who made good profits with this Trade.
This is how perfectly Price Action can mint you money when done right.
Trade can still be held on based on your Risk Management as the momentum still looks strong and it is possible that the Stock can go further upward.
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