Moving average positional trade
The stock was respecting 50 day Moving average mutiple times and it was trading above its 200 day moving average. Took position on 30th MAY 2018 @ 920.
The next few days were very tough at it was reaching my SL of 797 ( previous swing low).
The stock again respected the 50 Day moving average and is moving Up now . Revised SL is 990 now.
The next few days were very tough at it was reaching my SL of 797 ( previous swing low).
The stock again respected the 50 Day moving average and is moving Up now . Revised SL is 990 now.
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