thepranam

SWING IDEA - STOVEKRAFT

Long
thepranam Updated   
NSE:STOVEKRAFT   STOVE KRAFT LTD
Price Action forming Higher Low Pattern.
MACD Cross also forming Higher Low Pattern.
Stock seems to be following Trendline.
Currently also @ crucial Supply/Demand zone.
Weekly closing above 500 levels with good volume can take the Price to new Higher High Levels.

NOTE: Only negative for now is CTO and Chief HR has resigned very recently.
Comment:
Good chance the stock is try to create an entry at the Trendline. Wait and take entries as long as the weekly closing is above the trendline.
Comment:
Trendline Support is still holding exceptionally well despite the recent crash due to Election Results. Let's see how this one plays out.

Trade active:
Trade Active again. Could this be the big moment?

Comment:
Stock is nearly up 10% today from our Entry Point. Safe Traders can exit here if they want.

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