Stock name – ACC Faced a bullish pattern on Feb 12th, with huge volume in it making it a considerable time to buy the stock at the price 1583. it kept moving up, Target 1660. SL would be considered as 1618.
The idea is that, there are buyers who has bought the stock at 1618 after it falls from 1650.
So if the price falls from the previous buyers, the probability of it going down is greater and hence the stop-loss if fixed as 1618 to be more cautious for the profit, i have set to that limit not wanting my stock to go below that.
Thanks for spending time with my analysis 🙂
Feel free to get back anytime.
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