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Tagged: hammer-GRASIM
trade plan: stock name :GRASIM,direction : long, entry:above 3398,stop loss 3348,target 3473
DEAR SIR/MADAM
Trade plan is successful
However the hammer can be considered only if it is found AT THE BOTTOM of an existing DOWN TREND
IN the chart it is formed in the middle of an up trend of the scrip and hence cannot be taken into account
RESPECTED SIR,
You are right, thank you.
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