Today we are taking a look at KPI TECHNOLOGY. As we can see in the DAILY TF that the price is taking support at the ema .In this case we use the EMA of 30.We can also see in the past that the price is taking support at the 30 EMA multiple times. MOVING AVERAGES is a very powerful indicator. Price always tends to rise after taking support on the ema. As we are close to the ema the RR is also good at a ratio of close to 1:3. THE PRICE HAS BEEN IN AN UPTREND SINCE AUGUST 2020 AND HAS BEEN CONSOLIDATING FROM THE MID TIME OF AUGUST. THERE IS A PRESENCE OF MOMENTUM AS VOLUMES WENT HIGHER ON THE CANDLE WHILE Taking SUPPORT AT EMA with a strong bullish candle.
DISCLAIMER-THIS IS NOT A TIP JUST A IDEA THAT I WANTED TO SHARE
I PERSONALLY INVEST IN ALL THE IDEA THAT I PUBLISH AND THE IDEAS THAT I WILL PUBLISH IN THE LATER DATE.
ENTRY AND STOP LOSS
ENTRY 350-355
STOP LOSS 325-330
TARGET -420 AND ABOVE
DISCLAIMER-THIS IS NOT A TIP JUST A IDEA THAT I WANTED TO SHARE
I PERSONALLY INVEST IN ALL THE IDEA THAT I PUBLISH AND THE IDEAS THAT I WILL PUBLISH IN THE LATER DATE.
ENTRY AND STOP LOSS
ENTRY 350-355
STOP LOSS 325-330
TARGET -420 AND ABOVE