Buy for 7400 with sl below 6650.
Parallel channel is clearly visible. Warning line is now the target as it has taken support from upper median line (UML). RS is strong. RSI is indicative of bullish but contracted range.
Selling PE of 6800 and buying PE of 6500 can be à good strategy as coutner is expected to spend much of the time in parallel channel.
Parallel channel is clearly visible. Warning line is now the target as it has taken support from upper median line (UML). RS is strong. RSI is indicative of bullish but contracted range.
Selling PE of 6800 and buying PE of 6500 can be à good strategy as coutner is expected to spend much of the time in parallel channel.