After a decent correction from recent swing highs this PSU Giant is looking into cool down process after a super run and giving perfect example of bouncing from it's strong support zone of 209 levels which earlier was a resistance for it and giving an example too of if price is trading above on certain levels and that certain levels was resistance earlier that levels become a support so we can expect the target of 230 and 238 zones too because it is looking a Gap area zone is standing on 238 levels so as we know in first attempt is very tough to make a crossover of gap area by any stock so if it will manage to make a cross of it's gap area zone we can see 256 levels again in this stock.
Stop loss- Must be a day candle close below on mentioned support.
NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk
Stop loss- Must be a day candle close below on mentioned support.
NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk
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GAINING GOOD
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HEADING TOWARD TARGET CMP 226 FROM 217
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NEAR TARGET
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TARGET 230 REACHED, SECOND TARGET CAN COME ALSO IN COMING SESSIONS
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CAN TO TARGET TWO IN COMING WEEK
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SECOND TARGET 238 ZONES ALSO DONE TODAY FROM 217
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All target complete seems good from here too will publish a new idea for it this idea closing completely