Long
Shriram City Union : Price Structure
The chart analysed on following points :
- Price Structure : The stock has seen a sharp correction in downward parallel channel and currently hovering around resistance with Higher High (2D) and rising volume.
- RSI is near to 60 level
- Above EMA 20 & 50 but below EMA 200. The correct entry will be resistance breakout and price above 200 EMA.
- Hidden Symmetrical Triangle marked in chart.
ENTRY ABOVE Rs 1800 ; TARGET RS 2250 ; STOP LOSS BELOW RS 1550
Thanks
- Price Structure : The stock has seen a sharp correction in downward parallel channel and currently hovering around resistance with Higher High (2D) and rising volume.
- RSI is near to 60 level
- Above EMA 20 & 50 but below EMA 200. The correct entry will be resistance breakout and price above 200 EMA.
- Hidden Symmetrical Triangle marked in chart.
ENTRY ABOVE Rs 1800 ; TARGET RS 2250 ; STOP LOSS BELOW RS 1550
Thanks
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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.