trade if one can find reversal trade for short as per their trade setup.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
- BUY IF IT TAKES SUPPORT AT 1242 AND BOUNCE BACK WITH VOLUMES
- SELL IF IT BREAKS THE 1242 LEVELS WITH GOOD VOLUMES.
TAKE TRADES ON MULTIPLE CONFORMATION.
According to my analysis a very good breakout of cup and handle pattern is observed and crossover has happened in moving averages.
so very good upside move is possible.
Disclaimer: Dont invest based on my views.
- RSI Divergence giving confirmation for upside momentum
- High Volume Buying seen in last 15 min(Today)
- Trendline almost got broken may give breakout tomorrow
Looks good for Intraday or Short term Positional