Analysis of Day: Go long with stops, Wait for some correction or price to reach the support and enter position.
Entry zones 1,2,3:
1. Strong bullish Day, with huge gap up.
2. Price corrected and at support.
3. Price formed hammer candle at support.
4. volume supported the price.
Conclusion:
This kind of day is common occurrence in Indian stock market. Price will gap up and trade sideways. This are difficult days to trade. In kind of days you should not expect huge profit. These is the precious method to trade this kind of day.
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