Price - 1694.45 Dt. - 16.09.2021
Stock is in range since May and stock is near the support line. RSI is showing strength and the moving average crossover will happen soon. Stock can move to 1800 in few days and if the volume is good it can break the level and start moving up.
The stock also made a Flag pattern on Weekly Chart.
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
After the Bearish Divergence the stock corrected from 1620 to 1210 and now we see a Bullish Divergence formed at the bottom of the Parallel Channel.
A Symmetric Triangle is also formed and a breakout on the upper side is very likely.
The relative strength also is turning positive again against its Index.
If all goes well the minimum targets as suggested should...
I took a small risk on this trade after it crossed the trendline on friday, i placed a strict stop loss. This trade was risky for me due to large position size, i am making profits but i am looking for a bigger target after monday's trade session. If you don't want to take risk either wait for a retracement or profit booking session. Place strict stop oss and...
