From past few days , price can be seen moving in the ascending channel. In today’s session price has crossed 200 and 50 EMA UPSIDE. There’s HIGH PROBABILITY TO ACHIEVE TARGET 1 . Also , If the 50 EMA crosses 200 EMA (upside-and sustains), it can become super bullish and can even achieve Target 2 and go above . PLEASE CHECK THE TREND BEFORE INITIATING A TRADE...
Note: This is for educational purpose only.
There seems to be an ascending triangle bullish breakout with good volume (not too high). There seems to be a similar breakout in the RSI as well. RSI is 54 which is in neutral zone. As per the chart it seems that the bulls are back in control post a substantial push from bears.
