Usually I don't trade in a "Falling Knife" scenario and definitely don't recommend others as well. But the volume on the fall and that days low (496.35) not being broken is indicative of the stock being bought by strong hands. Yet you never know...
So trade this one with extra caution with low quantity and a stop loss of 496 (red dotted line) on closing basis. Although 540 is going to be a hurdle to cross, we can try for a target of 580 (blueline).
--- --- ---
Never trust a trading guru who claims to have all the answers.
So trade this one with extra caution with low quantity and a stop loss of 496 (red dotted line) on closing basis. Although 540 is going to be a hurdle to cross, we can try for a target of 580 (blueline).
--- --- ---
Never trust a trading guru who claims to have all the answers.