Observations:
1) Rising wedge formation
2) Getting rejected from the above trend line
3) May move towards 408-394 on the downside
4) Bullish on clean break of above trend line, above 440 may move towards 460-480
1) Rising wedge formation
2) Getting rejected from the above trend line
3) May move towards 408-394 on the downside
4) Bullish on clean break of above trend line, above 440 may move towards 460-480
Trade closed: target reached:
After multiple rejections from upper trendline, target of 394 achieved. STock went as low as 360 before shooting up again.