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-Price holding nicely near key long-term support.
-Bullish falling wedge pattern.
-Multiple divergence on RSI .
-Divergence on Stochastic .
-Bullish crossover on MACD .
-Bullish falling wedge pattern.
-Multiple divergence on RSI .
-Divergence on Stochastic .
-Bullish crossover on MACD .
Trade closed: target reached:
Waiting for breakout.
anupminj7
NICE WORK
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AyushSinghba
anupminj7
@anupminj7, Thanks.
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ajit_bobs
Can go long with support of 490-95? I guess 510 call option good to play long side?
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AyushSinghba
ajit_bobs
@ajit_bobs, That's what I had in mind. Good risk to reward ratio. The only problem is that the trade will be against the long term trend of Sun Pharma. Nifty is also in a downtrend, but since the S&P 500 and Dow Jones rallied on Friday, that shouldn't be a problem for a short-term trade.
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