Hi friends,
A simple abc setup has emerged in Glaxo after massive fall
Let me put the chart.
Ideal trade would be to buy
stock in dips with stoploss
little below 2431 for a
target of 2700+.
Volumes have dried up in
stock which hints at reduced
selling pressure ,A small blip
up and buyers would over
power sellers.
Keep an eye on this stock in coming sessions.
Regards
Rish
A simple abc setup has emerged in Glaxo after massive fall
Let me put the chart.
stock in dips with stoploss
little below 2431 for a
target of 2700+.
Volumes have dried up in
stock which hints at reduced
selling pressure ,A small blip
up and buyers would over
power sellers.
Keep an eye on this stock in coming sessions.
Regards
Rish
Dear Sir,
ReplyDeleteGlaxo at 2440...hope it starts towards 2700 as per ur assumptions.
Dear Sir,
ReplyDeleteGlaxo at 2442....hope it will start upward journey towards 2700. I have initiated a long (small qty)at 2438. Lets see how it unfolds.
Regards,
Kalyan
Yes its a bottom end ,It should rise back ,Anyhow keep sl intact ,I trade with stoploss.
ReplyDeleteSir,
ReplyDeleteMy Stop loss @ 2410 was intact... now at 2470 despite the fall in Index. Sitting tight...Thanks once again.