Here in this post we have discussed one simple strategy which we can use for swing trading.
entry level 3380 target - 4500 this is not a stock recommendation this is my study only make your own analysis and comment on the post for your opinion
There were quite a few reasons for shorting Indiamart at that level : 1.Have a look at it's daily , no stock can trade in a single direction , it's shouting for a pullback . 2.Market opened gap down , a hindi quote = "Sone pe suhaga" 3.It tried going higher and failed . Keep supporting me !! Thank you !!!
What happen's when both buyers and seller's don't want to defend their area ?? A consolidation area is formed .... Tip of the day : Do not take entry when a stock is in consolidation phase !!!
Look how buyers accumulating at a certain level.
A Indian stock that moved Rs.4-5 up and down , had given a very nice profit .