Hi Friends,
As per chart pattern, Buy possible above 1340 ON CLOSING BASIS SL 1280 and Target 1350, 1359,1364, 1375, 1395
Posting for Educational purpose only
Please refer to details on chart.
Avoid taking naked long positions, trade using strategies is safe in volatile and expensive markets.
Non cash traders should plan to exit around 1370.
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IT IS RANGE BOUND IN RECTANGLE IF RECTANGLE BREACHED DOWN SIDE TARGET GIVEN IF BROKEN UPSIDE TARGET GIVEN TILL THEN IT MAY KEEP MOVING IN RECTANGLE SO NOW IT HAS TOUCHED LOWER LINE NOW MUST MOVE TOWARDS UPPER LINE OF RECTANGLE
NOTE" TRADE AT YOUR OWN RISK
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IT IS BOUNCING BACK FROM A LONG TERM TRENDLINE SUPPORT MAKING GOOD BULLISH REJECTION CANDLE MARKED WITH GREEN ARROW THIS TRENDLINE MUST NOT BE BROKEN ON CLOSING BASIS IF IT DOES A LITTLE TARGET FOR SHORT IS GIVEN WHILE TARGET FOR LONG IS ALSO GIVEN
NOTE: TRADE AT YOUR OWN RISK
NSE:LT LT is trading in Channel, buy close above and Sell closes below the Channel. Stop loss as per your Risk Appetite. RSI is not showing any divergence as of now, we may get in coming days Also please note that results will be out on 23rd.
