COMPANY POSTED GOOD QUARTERLY RESULTS
IF PRICE BREAKS OUT IN TODAYS TRADING SESSION ABOVE 1183 THAN IT CONFIRM HIGHER HIGH AND HIGHER LOW PATTERN.
SUGGESTING END OF AN CORRECTION AND START OF NEW IMPULSE.
BREAKOUT IS ALSO ACCOMPANIED BY MACD REVERSAL
EXTREMELY FAVORABLE RISK-REWARD RATIO FROM CURRENT PRICE.
LONG ABOVE 1183
STOP LOSS OF 1140 ON CLOSING BASIS
TARGET 1280-1300.
TIME FRAME-1 MONTH.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
IF PRICE BREAKS OUT IN TODAYS TRADING SESSION ABOVE 1183 THAN IT CONFIRM HIGHER HIGH AND HIGHER LOW PATTERN.
SUGGESTING END OF AN CORRECTION AND START OF NEW IMPULSE.
BREAKOUT IS ALSO ACCOMPANIED BY MACD REVERSAL
EXTREMELY FAVORABLE RISK-REWARD RATIO FROM CURRENT PRICE.
LONG ABOVE 1183
STOP LOSS OF 1140 ON CLOSING BASIS
TARGET 1280-1300.
TIME FRAME-1 MONTH.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
Trade active
Trade closed: stop reached