INDIACEMOn weekly charts ,there is a breakout from flag pattern and triple bottom has been confirmed.the pullback of the flag coincides with 50% fib retrace.
Long positions may be initiated at a throwback to the flag or after consolidation breakout on lower time frame .
Its trending above its 200,62 and 13 period EMA and after bullish crossover of 13,62 EMA has taken support on 62 EMA.
Note
Throwback has occured today ,if the price holds 190 levels ,longs can be initiated.Note
Trade active
piercing pattern formed at support on hourly chart .longs were initiated just above the piercing pattern and the red trendline
Note
Note
profits may be booked at 200 levels
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.
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.