Structure
BTCUSD 240We saw this exact move made in the last week of January around the 30000 zone. Double bottom indicating that the bears are exhausted and the bulls are back in. Previous supply zone now turned into a demand zone. If you caught the bearish flag move, congratulations. I will be looking to enter on the long term buy position. targets profits set at 78000. will find a safe entry on the 5minute time frame around 45000 area to bring my risk to a minimum ratio.
Stock might head higher towards 1120/1140NSE:LUPIN
As long as the stock trades above 1050 it can head higher towards 1120/1140 in coming days.
It has given a breakout of inverted head & shoulder pattern and has now come to re-test the structure making it an ideal time for entry with good RR
All ideas shared are for educational purposes.
Buy Century TextBuy Century Text at CMP with stoploss of 389 for the Target of 475
Study: stock is trading near retesting area of Inverse Head & shoulder pattern.Good Risk to Reward Trade