Dalmia Bharat_Bullish Candle from support and fib level with vol

The bullish candle formed from major support level with fib support, substantial volume and RSI indicating the price at oversold trajectory.

Entry will be above Rs 1848 with Stop Loss of Rs Rs 1672 and Target Rs 2200.

Shorting opportunity if price rejected from EMA 200 level of Rs 1850, target and stop loss as per risk reward appetite.

Thanks

Comment:

After momentum of +10% from support, price rejected at 100 EMA and violated the EMA 200.

Shorting opportunity if price rejected from EMA 200 level of Rs 1850, target and stop loss as per risk reward appetite.

Trade closed: target reached