Reasons for long.
1> It is showing respect to Trend line support and closed green on 24 Feb.
2> Stochastic RSI has given a crosover at the bottom.
3> Price is close to 10 SMA on Weekly time frame.
4> Option data showing accumulation for Feb and March Series.
Nearest Target 600
Final Target as per the upper resistance channel line.
Stoploss : Day Closing below previous red Candle.
1> It is showing respect to Trend line support and closed green on 24 Feb.
2> Stochastic RSI has given a crosover at the bottom.
3> Price is close to 10 SMA on Weekly time frame.
4> Option data showing accumulation for Feb and March Series.
Nearest Target 600
Final Target as per the upper resistance channel line.
Stoploss : Day Closing below previous red Candle.
Comment:
Trail SL to 570
Comment:
Reenter the trade EOD if 570 is breached and the candle is closing above the support trend line.