divislab

two pictures seen in this stock -
1 . on weekly charts from 2 weeks we r seeing 2 hammer candles, which itself shows a strong demand zone between 660 720 zone .
2 . on daily chart we can see a small traingle setup .

for day traders buy with 780 sl for 830 target
for medium term trader buy for 900 level sl 765

İşlem elle kapatılmış

Yorum:

seems a bull trap(personal view), ignore trade

Yorum:

or trade with very tight sl

Yorum:

bull got trapped
784 to 754

Yorum:

once again bull got trapped.

its clearly visible on weekly chart that its in extremly bearish trend and flag pattern was in formation which again is a continuation pattern which suggest a downward breakdown which it gave today.
bull trap. it should touch 600 level before any bounce.