Breaking Trend line and with strong RSI level, Long(Swing Trade)
Yellow lines are for weekly chart and blue for daily chart
Freshly broken the trend line and is about to enter the support resistance zone (according to me) if it sustain the position above 65 there is a good chances for long position with Stop Loss of 61.5-61 which ever suits you best and out target would be 72-72.50 well its up to you where you wanna book profit as there will be some resistance around 68-69. and we can clearly see double bottom W pattern which is a good sign, second target to keep in mind will be 76+ if it gives us the break out. lets see what happens in next few days. i will learn somethings from you and you might learn something from me.
Note: I Dont have mastery in technical analysis , do your own Analysis as well i am just sharing my view. I'm open to new ideas and flaws in my analysis, so please do comment and share your Views.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial adviser before taking any trade.
Thank You
Freshly broken the trend line and is about to enter the support resistance zone (according to me) if it sustain the position above 65 there is a good chances for long position with Stop Loss of 61.5-61 which ever suits you best and out target would be 72-72.50 well its up to you where you wanna book profit as there will be some resistance around 68-69. and we can clearly see double bottom W pattern which is a good sign, second target to keep in mind will be 76+ if it gives us the break out. lets see what happens in next few days. i will learn somethings from you and you might learn something from me.
Note: I Dont have mastery in technical analysis , do your own Analysis as well i am just sharing my view. I'm open to new ideas and flaws in my analysis, so please do comment and share your Views.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial adviser before taking any trade.
Thank You
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