It has already given breakout from previous swing high with a great volume and has made Marubozu candle. (Which is a sign that it has buying pressure)
MACD bullish crossover
RSI>60
Target price 1 = 542
Stop loss – As the candle is very big, we should not take low of BO candle, We can take previous swing high candle close price which is 498.65.
Next resistance is at 524, if it breaks that, then only it will be able to achieve target 1 =542. And if it breaks 524, our 2nd target can be 609.
This is only for educational purpose.
MACD bullish crossover
RSI>60
Target price 1 = 542
Stop loss – As the candle is very big, we should not take low of BO candle, We can take previous swing high candle close price which is 498.65.
Next resistance is at 524, if it breaks that, then only it will be able to achieve target 1 =542. And if it breaks 524, our 2nd target can be 609.
This is only for educational purpose.
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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.