Up move with good strength in volume.
Breakout followed by retest.
Low reds as per volume chart indicating weak selling.
Hence, conviction to rise is high and an opportunity.
Looks good to be long above 234.
Target 1 - 250 before resistance kicks in.
Note:
Only for educational purposes.
Please check before following.
Breakout followed by retest.
Low reds as per volume chart indicating weak selling.
Hence, conviction to rise is high and an opportunity.
Looks good to be long above 234.
Target 1 - 250 before resistance kicks in.
Note:
Only for educational purposes.
Please check before following.
Trade active:
Target 2 update
Breakout above 250 looks good with good volume.
Hence, can hold and increase our target to 260.
Target 2 - 260
Breakout above 250 looks good with good volume.
Hence, can hold and increase our target to 260.
Target 2 - 260
Trade closed: target reached:
Closed trade at target 1 of Rs.250