With market stabilizing , we might see sector rotation and a potential move in railways sector. These are the technical reason/logic to support it.
1) Higher High and higher low formation indicating UPSIDE momentum
2) Trading above 50 & 20 EMA
3) Gap Cover Pending
4) Volume increased in recent days
5) Higher TF in weekly Pole & flag pattern formation
6) Favorable Risk Reward
(Note: I am neither responsible for anyone's profit or loss nor I'm a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
1) Higher High and higher low formation indicating UPSIDE momentum
2) Trading above 50 & 20 EMA
3) Gap Cover Pending
4) Volume increased in recent days
5) Higher TF in weekly Pole & flag pattern formation
6) Favorable Risk Reward
(Note: I am neither responsible for anyone's profit or loss nor I'm a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
Trade closed: stop reached
Started trading below 50 EMA.Global cues are negative due to continuation of conflict & crude price shock increase .
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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.