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MISHRA DHATU NIGAM LTD
Long
9 mag 2021
Midhani - 1yr Inverted Head and Shoulder Pattern
1
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Metals are zooming already. This has shown some volume activity last week.
Watch out for follow up volumes and strong daily closings.
SL: Sell below Breakout Candle.
TGT: Breakdown of 20MA on Hourly chart (on a daily close basis)
BUY RULES:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL RULES:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
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Beyond Technical Analysis
breakout
Head and Shoulders
invertedheadandshoulders
sectoranalysis
swingtrading
Trend Analysis
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