PSU Bank Index fell 17 % from 52 W high.
Reasons for fall may be
1. Profit booking .
2. Sector rotation.
Reasons to take trade.
1. At Support, trying to capture up move before it goes up or down.
2. Institutions may enter again at lower levels after profit booking.
Enter 73.5
SL 72
Target 75-77
NOTE: High chance of failure as we are going against the trend. If target reaches then book profit.
Reasons for fall may be
1. Profit booking .
2. Sector rotation.
Reasons to take trade.
1. At Support, trying to capture up move before it goes up or down.
2. Institutions may enter again at lower levels after profit booking.
Enter 73.5
SL 72
Target 75-77
NOTE: High chance of failure as we are going against the trend. If target reaches then book profit.
Trade ativo
Target 75 reached. Waiting for 77 and beyond if it goes.Trade fechado: stop atingido
Trade closed completely on Friday Oct 4th.Profit 635/-. Units 1000.
Original SL 72 Buy 73.7. Sell 500 at 75.
New SL 74 Buy 73.7. Sell 500 at 74.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.