Although the stock is in downtrend on higher time frame but it is at the lower range of channel pattern it has been following since February and taking a good support at this area (156).
A swing trade can be taken from here (160) with a small stop loss of 154 and target of 190.
Please Note : This will be a pull back trade we are not expecting any trend reversal from here so keep your stop loss tight at 154. and follow your risk management.
A swing trade can be taken from here (160) with a small stop loss of 154 and target of 190.
Please Note : This will be a pull back trade we are not expecting any trend reversal from here so keep your stop loss tight at 154. and follow your risk management.