Reasons for Long:
1) In a strong uptrend.
2) Almost nearing all time high.
3) About to Breakout with Bullish Rectangle pattern.
Breakout with good volumes can resume the trend.
Entry - Right after the breakout
Stop Loss - 262 after entry. Once first target is achieved, then can trail SL to ride the trend.
1) In a strong uptrend.
2) Almost nearing all time high.
3) About to Breakout with Bullish Rectangle pattern.
Breakout with good volumes can resume the trend.
Entry - Right after the breakout
Stop Loss - 262 after entry. Once first target is achieved, then can trail SL to ride the trend.
Trade active:
First Target - 281 to 282 achieved
Trade closed: target reached:
All 3 targets achieved. Made a new all time high with 10.6% gains today.