Key Highlights:
1. Bullish market structure
2. Volume expansion
3. Trendline breakout
4. Symmetrical triangle pattern
5. Ascending triangle pattern
6. Buy on pullback only
7. Support zone: 512-521
8. Target: 566, 602, 638.
9. Stop loss: 493
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment...
Long above 540 SL 528 TGT 565 . entry can be taken once the BO of TL with Positive candle. Good risk to reward trade. Also positive divergence can be seen in the RSI. This is for your educational purpose only.
Please refer the earlier charts updated wherein it was projected for 240 odd levels from 180 levels and now it is expected to move towards 280-300 kind of levels.
Please make a note that this chart is for Educational Purpose Only
The price has made a triple top reversal pattern, which will take the price down to levels of 216. The strategy may fail and hence a stop loss at the previous high created in the trend.
Short at CMP.
SL 233.5
T1: 221.35
T2: 216
