STOVEKRAFT has been in a nice uptrend and it had made a high of 1017 on 30.08.21. Since then it has pulled back to the 20 EMA and has formed a continuation bar today. It seems that it is poised to continue its upward trend and possibly make new highs. A long trade can be initiated keeping the following levels in mind. Only initiate the trade if price sustains above the "LONG ABOVE" level for 15 minutes. _____________________________________________________________________________________________________________________________
LONG ABOVE : 977.15 STOP LOSS : 915 TARGET 1 : 1039.30 TARGET 2 : 1101.45 _____________________________________________________________________________________________________________________________