Maurti - Switching gears again

Stock in strong uptrend,made a top of 7480 and witnessed some pullback.
as soon it went below 20 Day SMA, pulled back sharply to form a Hammer on daily chart.
One can go long in the stock at CMP 7265 With a stop loss of today's low 7153 for a retest of 7480.

Kommentera:

2 Consecutive Doji indicates indecisiveness
Not able to sustain above 7400.
Conservative traders can book 112 Rs. Profit here
Aggressive traders hold

Trade stängt: målet nått