Taking this trade due to following reasons as per marked entry and exit:
1. Candle patten – Bullish engulfing
2. Chart Pattern – Weekly breakout
3. Volume – increase in volume for past few weeks
4. RSI – Taking support at 50 and moving to 80’s
5. Moving average – Crossing 200 SMA
1. Candle patten – Bullish engulfing
2. Chart Pattern – Weekly breakout
3. Volume – increase in volume for past few weeks
4. RSI – Taking support at 50 and moving to 80’s
5. Moving average – Crossing 200 SMA