The primary trend was a down trend until 24.03.2020. After that, it is seen to be recovering. Presently, it is under consolidation phase and most probably it will see a trend reversal in the coming days.
Long position: entry price 32; target price 52; stop loss 26; duration 1 year.
Hi,
Good attempt … For upside trade plan- Take your entry point when the stock price breaks the previous top ( Resistance level) and set the stop loss level at the recent low (Support level).
Thank you.
Are you suggesting to enter the market above 37.5 and set the stop loss at around 32 for an upside trade plan ?