REASONS FOR ENTERTING TRADE
1. A pole flag structure with the base of the flag bouncing off the 200EMA.
2.This 200EMA bounce point coincides with the long-term support trendline,
3. & the 61.8% retracement of the pole.
3. Price sustains above the flag range after retest
Buying above 65 for a projected price target which is set as the pole height, from the...
Since February, SRTRANSFIN consolidating in parallel channel range. Currently it's trading near support level of this channel. According chart its indicating reversal from this support level. Also, In today's session it showed correction for 200EMA level. So expected upside target of 1525 in short term. If this gives breakout of the resistance then expected...
This is a swing or positional Trade.
you can exit in 2-3 weeks
if your targrt achived you can book some profits
and there is a breakout it would be great trade to hold because it would be on it's all time high.
and nifty is performing well so it could be a great a leading sector in some time.
25/5/21 (BUY ON DIP)
- Took support from 200 EMA (watch closely)
- VOL flat (shows range has formed)
- In the range, VOL is more in the up-move (slight advantage)
- Wait for decisive close above 1820
- Sell below 1680 on closing basis
- RSI inside triangle
- CAN SPEND SOME MORE TIME IN RANGE (buy on lower level suggested)
*Will again post chart when break accours