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WOCKHARDT LIMITED-DEPO
Long

WOCKHARDT clears 736 :-)

By mindzap
Updated
Market bottomed out last time around 520 and this time around ~ 720. During the recent fall RSI bottomed out and this is the first swing high. Market tested 736 multiple times and moves higher. So took a small position at 790 with 736 as stop. Will average down the buy until 750 as market allows to reduce the risk.
Trade active
Added some more
Trade active
Additional comments - averaging down in a normal trade only increases loss and risk. However in this case, I am willing to take this additional risk.
Trade closed: stop reached
Trend Analysiswockhardt
mindzap
a236z

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