Reasons to go Long:
1. The Breakout zone 420 has been tested twice and got supported.
2. A big bull pin bar was formed at the BO zone n it was also coinciding with the triangle sup line.
3. The follow through was a gud BO of the traingle and it got tested recently giving us a signal to go long.
Hence Traders can look to go long above 455 if it moves forward with good volume.
Safe traders can bet it on a small scalp trgt of 462-465.
Other details have been mentioned in the charts.
Solely for study purpose.
Thanks.
1. The Breakout zone 420 has been tested twice and got supported.
2. A big bull pin bar was formed at the BO zone n it was also coinciding with the triangle sup line.
3. The follow through was a gud BO of the traingle and it got tested recently giving us a signal to go long.
Hence Traders can look to go long above 455 if it moves forward with good volume.
Safe traders can bet it on a small scalp trgt of 462-465.
Other details have been mentioned in the charts.
Solely for study purpose.
Thanks.
Comment:
Trade active
Comment:
Target 1 done
Comment:
The stock has made a high of 477. Trailed SL to 455.
Trade closed manually