Long Voltas trade set up
Updated
Long Voltas above 990 for the huge target of 1050-1075 with the SL of 955-50.High probability trade setup.
1) Stock at a very high support level. Most of the time stock turns up from the same level.
2) RSI Indicator above 60 levels with positive divergences.
3) Crossing the 200 EMA along with the 50 EMA moving average.
4) Entry point only after the BO of Trend line hourly closing basis candle.
If this trade works risk to reward ratio is 1:4.
This is for your educational purpose only.
1) Stock at a very high support level. Most of the time stock turns up from the same level.
2) RSI Indicator above 60 levels with positive divergences.
3) Crossing the 200 EMA along with the 50 EMA moving average.
4) Entry point only after the BO of Trend line hourly closing basis candle.
If this trade works risk to reward ratio is 1:4.
This is for your educational purpose only.
Trade active
Note
Trading AT day high 1040
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