Gujarat nre coke ltd Death cross

• The first chart shows that the 50 day moving average is waiting to cross below the 200 day moving average. The cross known as the death cross.
• This will be a negative event for the stock if it happens.
• The immediate resistance for the stock seems to be at 68 to 70.
• If the death cross happens one can wait for these levels to come or a retracement back to the 200 day moving average.
• Wait for the correct entry. If it does not come don't trade. Smart traders always trade less. They wait for the correct entry. If they don't get that entry they look at other opportunities. And always remember market always gives you another good opportunity.