Buy (Risky) Long

HINDUSTAN ZINCNSE

Description

⋅ Oct 2, 2022 6:19 PM

Buy if RSI goes above 50 in the 4 Hours chart. For the safer side, you can also purchase on Retrace.

ENTRY: 273
TARGET 1: 279 (@ Weekly Pivot Resistance)
TARGET 2: 290
SL: 267

Positive:
1) RSI Divergence (@4 Hour Chart)
2) Above Day pivot
3) Small selling candle shows less selling pressure

Negative:
1) Downtrend
2) Forming Lower Low.
3) Risky Trade

Trade closed: target reached

⋅ Oct 14, 2022 2:45 PM

Trend Analysis Harmonic Patterns