A 6 month basing consolidation BO has happened.
Even a golden crossover has occurred.
If one were to observe carefully, its even a flag formation (BO of flag yet to happen).
One can take a small entry now and a full (position size) entry after flag BO with a strict SL of 2350 closing basis. As per consolidation the possible levels that can be achieved are 3200, but trailing the SL is always a better way to trade.
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The stock's price backed by volumes has factored in all the knowns, unknowns, dreams and impulses of all those who are in the market.
- A. D.
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