– StageInvesting +Elliot Waves

StageInvesting:

Embassy Reit

It was lingering in a range from MAY 2020.

Now tried to give a breakout last week but with insignificant volumes. But today made a hanging man candle – it is a bearish candle .May be it is retesting the breakout levels.

Overall structure is bullish, forming a VCP ( and daily/weekly/monthly MACD are in buy mode ).

But many a times, some stocks have bad fortune -किश्ती तब निकली जब समुंदर में पानी न था … they move when overall market sentiments are down – a difficult task.

But keep a close watch , if it crosses 407 again with volumes and stay there at least for a week, then it has a chance to move further. Even if it gives a breakout again, don’t go all in …better to SIP and if it again comes below 395, one should exit fully.

Embassy Reit -Follow-up
It could not stay above the breakout levels- also the volumes were absent.
Hence pulled back.

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