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Buy Setup:
️ Entry: CMP until 2020
️ Target Price: 2389
️ Stop Loss: 1979
️ Risk-Reward Ratio: 4
Before the start of the new week, we will see a sharp downward movement, likely a spike or piercing of the bottom for this week.
Cheers, and have a great new week!
Comment: I personally think this strategy is not very good! I believe a safer approach is to start accumulating in batches when it begins to sharply drop and spike downward.
The current question is: should we start positioning from 2020 or around 1950?