finolex cable looks bullish in medium term.
Updated
it is in a strong uptrend in monthly time frame.
in weekly, price recently bounced from uptrend channel support and horizontal support.
Also hidden bullish divergence seen in weekly.
so sl - 447, tgt1 - 551, tgt2 - 590
in weekly, price recently bounced from uptrend channel support and horizontal support.
Also hidden bullish divergence seen in weekly.
so sl - 447, tgt1 - 551, tgt2 - 590
Trade active
till now 508.90Trade active
it has to break the downtrend line to move up , Trade active
moving up as expected till now 524.9, Trade active
till now 530.15Trade active
1st target done here, closed at 550.40. Note
bearish bat formed here in daily, and price reversed from PRZ. in.tradingview.com/x/Pd1FMssn/. So risk averse traders may book the profits, total 11% profit.
Trade closed: target reached
both the tgts are achieved here, also price is near channel resistance, total 28% gain till nowNote
in daily, price is approaching for a squeeze, Note
price closed above upper BB and BB expansion happened here, 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.