1) Stock made Higher High
2) RSI Hidden Divergence
3) Price Consolidating - Accumulating - Dow Theory
4) Better Risk Reward
5) Conservative trades Enter after Breakout and Retest.
6) Targets on chart
Stock was under long term Consolidation at low levels which means under Accumulation,
#TechM #Brokeout the range, retest done and now it will resume its trend.
Pure #TechnicalAnalysis #DowTheory #WyckoffTheory
Stock is at best Demand Zone. At this level it has got good Risk reward.
Good for Swing set up. Target and SL in Charts.
Safe traders Look for PriceAction.
ABFRL Scalling up. After making Higher High, after Forming a Base made a Trend Continuation Pattern.
Trend and Targets are Intact.
Maintain your proper Sl
In this chart if the price level crosses over the blue line, the stock will give good profit. Within someday, if the price being corrected, the price movement will go down to the first red line, it will be the fair price for fresh entry.
