The price has bounced from 148 after retest(from Demand Zone) with volume.It was followed by a consolidation between 162-170. Now it has broken above 170.
Caution: There is a supply zone at 173-174. Need to wait and see how this supply zone affects the price movement. If there is a break above 174 with volume a long position can be initiated.
Caution: There is a supply zone at 173-174. Need to wait and see how this supply zone affects the price movement. If there is a break above 174 with volume a long position can be initiated.
Comment:
The price has taken support at trendline and RSI is intact. Expect some good move ahead.
Trade active:
Target is Rs 250.
Comment:
Has move almost as per plan. 250 will be achieved.
Trade closed: target reached:
The target has been reached and thread closed.