An Anchored VWAP is drawn with anchor date 28th Jan 2021 which was the previous swing low. The price took support initially at 23rd Feb, 1st March. It finally broke below AVWAP on 15th March, retraced the AVWAP line on 16th March, and continued the downward trend. We could conclude that the bear has taken control of the market. It then acted as resistance on 29th...
- Self explanatory & Annotated Chart
- Key Levels are Marked
- Enter at BO level @ 1340
- Exit at Target level @ 1445 , approx 7-8% upside
- Time Frame is few Days
- Stop Loss level for Risk as per your choice also mentioned
- High probability setup based on AVWAP Study + Multi Time Frame + Pattern + RSI
- Stock is Bullish on all time frames for a Mean Reversion...