Data Patterns - showing interesting patterns
Weekly Chart:
Stock bounce from 2111 (previous resistance (dec'23) turned support)
Last week close above weekly 20 and 50 EMA suggesting near term bullish bias
Daily Chart:
recently Created double bottom at demand zone
Stock crossed 20,50 and 200 EMA
price trying to retest 200 EMA and Horizontal support
MACD, RSI and ADX all supporting bullish sentiments
Hourly Chart:
Created series of Higher-Highs and Higher-Low Price action
Trade Execution
Buy 2600-2500 range
Stop Loss below 2100 weekly closing basis
Target previous swing high 3410 OR trail with 20 EMA daily OR Super Trend 10,3 daily
Stock bounce from 2111 (previous resistance (dec'23) turned support)
Last week close above weekly 20 and 50 EMA suggesting near term bullish bias
Daily Chart:
recently Created double bottom at demand zone
Stock crossed 20,50 and 200 EMA
price trying to retest 200 EMA and Horizontal support
MACD, RSI and ADX all supporting bullish sentiments
Hourly Chart:
Created series of Higher-Highs and Higher-Low Price action
Trade Execution
Buy 2600-2500 range
Stop Loss below 2100 weekly closing basis
Target previous swing high 3410 OR trail with 20 EMA daily OR Super Trend 10,3 daily
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