Stock is moving in a clear uptrend, you can trade on both the side in the channel.
When touches the trend line on down go long and sell on the upper trend line for the short term.
Trade for 1st June can be taken to short it for the target price of 1230 as from the divergence can be seen.
Pro tip - Swing traders can hold the stock for the short term. It is highly probable to reach the target level around 1350 at the end of June month.
When touches the trend line on down go long and sell on the upper trend line for the short term.
Trade for 1st June can be taken to short it for the target price of 1230 as from the divergence can be seen.
Pro tip - Swing traders can hold the stock for the short term. It is highly probable to reach the target level around 1350 at the end of June month.