MrAkshatP

5 Days EMA crossing 50 Days EMA with Bullish bollinger Band Expa

Long
NSE:HDIL   HOUSING DEVELOPMEN
HDIL stock is making a bullish move from range of 75-80 to the upper range of 90-95 in weekly charts...

5 days EMA is crossing 50 Days EMA from below with an expansion of bollinger band which is supposed to be very bullish move.. and RSI is around 60....

80 to 81 is a good buying range with a Stop Loss of 77-78 and further targets would be 90-95...

In monthly charts there is a 50 days EMA in the range of 90-95 which could act as a strong resistance so booking profit below the EMA would be good .....



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Trade active
Trade active: It is bullish reaching to its target of 95 from 80....
Trade closed: target reached: I have closed my trade as it Almost reached to its target .... my exit price 93.... coz it is highly overbought....
Trade closed manually
Trade closed manually