Observations:
1.) "+" Shows strength candles.
2.) Higher High + Higher low = Accumulation
3.) CDSL has moved out of the channel & also it is on 61.8% Fibonacci Retracement. There I expect small correction before it continues its rally.
4.) Rs 368 can be tough resistance in the short term, where I again expect some consolation before moving towards are future targets.
5.) Significant increase in volume in the past few weeks.
Trading plan:
Probable entry at 320-322 can significantly Increase the Risk to Reward ratio.
T1:400
T2:430
SL below the recent low
1.) "+" Shows strength candles.
2.) Higher High + Higher low = Accumulation
3.) CDSL has moved out of the channel & also it is on 61.8% Fibonacci Retracement. There I expect small correction before it continues its rally.
4.) Rs 368 can be tough resistance in the short term, where I again expect some consolation before moving towards are future targets.
5.) Significant increase in volume in the past few weeks.
Trading plan:
Probable entry at 320-322 can significantly Increase the Risk to Reward ratio.
T1:400
T2:430
SL below the recent low
Trade closed: target reached
Trade closed: target reached:
All three targets achieved.