weekly time frame on IRCTC
Trendline Support: The stock has touched a key trendline, indicating potential support.
Green Candle Formation: A bullish green candle has formed, signaling buyer interest.
RSI Oversold Zone: RSI is below 40, suggesting the stock is in an oversold territory.
Buying Opportunity: This combination indicates a potential reversal to the upside.
Volume Confirmation: Look for increased volume to strengthen the bullish signal.
Risk Management: Place a stop-loss just below the trendline to manage risk.
Entry Point: Enter the trade near the trendline once conditions are confirmed.
Target Profit: Set a realistic target based on previous resistance levels.
Monitor RSI: Watch for RSI to rise above 50 to confirm momentum.
Stay Alert: Always review market conditions before making a decision
Green Candle Formation: A bullish green candle has formed, signaling buyer interest.
RSI Oversold Zone: RSI is below 40, suggesting the stock is in an oversold territory.
Buying Opportunity: This combination indicates a potential reversal to the upside.
Volume Confirmation: Look for increased volume to strengthen the bullish signal.
Risk Management: Place a stop-loss just below the trendline to manage risk.
Entry Point: Enter the trade near the trendline once conditions are confirmed.
Target Profit: Set a realistic target based on previous resistance levels.
Monitor RSI: Watch for RSI to rise above 50 to confirm momentum.
Stay Alert: Always review market conditions before making a decision
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