ADANI TOTAL GAS (ATGL) LONG
As per trading set up, the stock looks good due to following reasons :-
1. MACD crossover going to happened on daily chart and above the centre line which strong bullish signal.
2. On a weekly time frame, the stock is trading above centre line of MACD, which is positive signal for the stock.
3. RSI is 55 which came in bullish mode and likely to go above 60 which is strong bullish signal.
4. Stock is trading above 20 and 50 days moving averages.
So, one can buy with strict stop loss 910 for target 1200 and 1500.
1. MACD crossover going to happened on daily chart and above the centre line which strong bullish signal.
2. On a weekly time frame, the stock is trading above centre line of MACD, which is positive signal for the stock.
3. RSI is 55 which came in bullish mode and likely to go above 60 which is strong bullish signal.
4. Stock is trading above 20 and 50 days moving averages.
So, one can buy with strict stop loss 910 for target 1200 and 1500.
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