LONG - BALAJI AMINES
Updated
Buy: 2675 1st lot - confirmation on RSI & RS required for more conviction
AWAP: 2595
SL: 2518
Early Exit: RS < 50 EMA / RSI < 50
Value:
- Price under VCP & taking support @ RS 50 EMA
- Price above VWAP and Supply Zone
- RSI above 50 level
Trigger:
- Narrow Rang Breakout with bullish bar
- Enhanced Volume
- Deliveries: Daily deliveries are higher than 10 moving average
- RSI & RS Reversal is confirmed
2nd lot confirmation
- Break out above 2750 (VCP)
- Follow-through
AWAP: 2595
SL: 2518
Early Exit: RS < 50 EMA / RSI < 50
Value:
- Price under VCP & taking support @ RS 50 EMA
- Price above VWAP and Supply Zone
- RSI above 50 level
Trigger:
- Narrow Rang Breakout with bullish bar
- Enhanced Volume
- Deliveries: Daily deliveries are higher than 10 moving average
- RSI & RS Reversal is confirmed
2nd lot confirmation
- Break out above 2750 (VCP)
- Follow-through
Trade active
31June, 2021 - Early 2nd lot confirmation @ 2688 Trigger RSI showing support
RS (1Month) - getting positive
Trade active
Price > 2866 ( Fib Ext: 0.618) wtih volume.Trailing SL: 2638
+ADX > 25
Pyramiding oppo: RS & RSI confluence, watch 10 EMA for Pullbacks.
T1 - 3074
T2 - 3400
T3 - 3600
Trade active
T2 - 3400 ACHIEVED Trailing SL - 3074
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