INDIAN RAIL TOUR CORP LTD. LONG-TERM INVESTMENT OPPORTUNITY
INDIAN RAIL TOUR CORP LTD. LONG-TERM INVESTMENT OPPORTUNITY
Hello traders!
key points:
🎯It appears that a Double Bottom has formed, the stock has made a lower low, and now the price is ready to move higher.
🎯The price crossed its weekly resistance level.
🎯A bullish crossover has formed on the MACD oscillator, and the Rsi indicator is above 60.
🎯Volume is also increasing, there is a strong possibility of price increase.
Major Level:
Support Price Level - 758
Resistance Price Level n/a
Entrance Area:
The optimal entry offers the greatest reward-to-risk ratio while the optimal entry is an area for reversal signals.
Optimum Entry Nearby – 850
Stop loss - weekly candle close below 758
Target Price 1st - 1279
Target Price 2nd - n/a
risk:
As traders, it is your job to minimize risk and only choose trade structures that offer high probability and a great reward-to-risk ratio.
If uncomfortable with defined exit levels, experiment with support levels to help set solid exit rules to protect your capital.
If the weekly candle closes below the price level of 758 – This suggests that the structure is not in our favor and it would be wise to reduce risk or close the trade until a solid signal gives us reason to re-enter.
Hello traders!
key points:
🎯It appears that a Double Bottom has formed, the stock has made a lower low, and now the price is ready to move higher.
🎯The price crossed its weekly resistance level.
🎯A bullish crossover has formed on the MACD oscillator, and the Rsi indicator is above 60.
🎯Volume is also increasing, there is a strong possibility of price increase.
Major Level:
Support Price Level - 758
Resistance Price Level n/a
Entrance Area:
The optimal entry offers the greatest reward-to-risk ratio while the optimal entry is an area for reversal signals.
Optimum Entry Nearby – 850
Stop loss - weekly candle close below 758
Target Price 1st - 1279
Target Price 2nd - n/a
risk:
As traders, it is your job to minimize risk and only choose trade structures that offer high probability and a great reward-to-risk ratio.
If uncomfortable with defined exit levels, experiment with support levels to help set solid exit rules to protect your capital.
If the weekly candle closes below the price level of 758 – This suggests that the structure is not in our favor and it would be wise to reduce risk or close the trade until a solid signal gives us reason to re-enter.