In weekly, inv HnS pattern formed, then breakout with good volume, strong base is formed, and price reversal is complete.
also horizontal resistance broken with good volume,
1st tgt - 76, 2nd tgt - 90, sl - 53
also horizontal resistance broken with good volume,
1st tgt - 76, 2nd tgt - 90, sl - 53
Trade active
after recent correction, hidden bullish divergence is formed in daily after 50% retracement.Trade active
price approaching the support zone. Trade active
1st tgt of 76 is achieved here, also it touched the channel resistance, we can see here, that it never came to the support zone and reversed before that and started upward journey,
So one shouldn't pin point the entry point, rather one should take an entry in a distributed pattern (in 2 or 3 parts)
Note
in weekly, big green candle formed and closed above upper BB, with high volume, BB started to expand.so road is clear for upward journey.
Trade active
at cmp - 67.8, price at horizontal support. Trade active
in daily, price bounced from horizontal support zone, Trade closed manually
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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.