Price Action with RSI and DMI -Good Bullish Momentum[NATIONALUM]
Chart indicating a high probability of bullish trend to continue on a 1h time frame.
INTIMATIONS:-
1- BASIC TRENDLINE: Closing on Support/Resistance at 85.00INR.
NATIONALUM
2- MOMENTUM INDICATOR: RSI crossing 60 with high volumes.
3- TREND INDICATOR: ADX crossing 20 hence trend is confirmed.
WHAT TO DO:-
1- SWING TRADE: FOLLOW THE STRICT PARALLEL TRENDLINE. GO LONG WITH A 10% TARGET AND STOP LOSS OF 5%.
INTIMATIONS:-
1- BASIC TRENDLINE: Closing on Support/Resistance at 85.00INR.
NATIONALUM2- MOMENTUM INDICATOR: RSI crossing 60 with high volumes.
3- TREND INDICATOR: ADX crossing 20 hence trend is confirmed.
WHAT TO DO:-
1- SWING TRADE: FOLLOW THE STRICT PARALLEL TRENDLINE. GO LONG WITH A 10% TARGET AND STOP LOSS OF 5%.
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