TATAELXSI: Swing low
Seems it has formed bottom. Nice swing is seen on daily chart. Today's candle has engulfed yesterday red candle (day closing to be seen for confirmation), With this view it is in process of formation of DZ (Observe the box marked) with price just leaving, it has 2 candle in base so strength is moderate. Target SZ also marked with good strength. Price actions are not Explosive, so momentum can be slow.
Seems it has formed bottom. Nice swing is seen on daily chart. Today's candle has engulfed yesterday red candle (day closing to be seen for confirmation), With this view it is in process of formation of DZ (Observe the box marked) with price just leaving, it has 2 candle in base so strength is moderate. Target SZ also marked with good strength. Price actions are not Explosive, so momentum can be slow.
Trade closed: target reached:
It reach it daily target of 640. To grab once again it reaches DZ for next swing.