This is a simple strategy using the trendline. The price moved up steeply and has not seen a strong correction. The trendline was broken and the price tried moving upwards for a last kiss and was rejected from under the trendline.
This is an intraday idea, which can be moved to a positional play considering the negativity in the market. There is a strong chance...
This is a simple trend line set up, with a very good RR.
With the large intraday correction, the prices are good for entry, and may see further upside.
Buy below 180.
SL @ 170.
Target @ 200.
The horizon for this trade is 2 weeks.
