You might earn profit in this trade but i dont like this trade.On weekly time,stock is trading below 200 Moving average and you are trying to catch falling knife.Why not buy stock which had breakouts e.g IndiaCement,Relcapital,Chennai Petro etc.
You might earn profit in this trade but i dont like this trade.On weekly time,stock is trading below 200 Moving average and you are trying to catch falling knife.Why not buy stock which had breakouts e.g IndiaCement,Relcapital,Chennai Petro etc.