1.Bullish reverse divergence
2. Expected support from the ML touch of the pitchfork
3.Take profit level chosen conservatively in the 0.382 fibo level of the bounce intra kumo cloud...
4.There is a possibility of piercing the kumo and reaching the 0.618 level but i wont count that, as there are too many trends to breakout from, and specially when the broader market...
Price action has formed double bottom at 261 - 264 levels. To confirm the uptrend, price action should break the downward trend line and close above 268. I will update once I found the entry. On breaking the double bottom, support is seen at 256- 258 levels.
TATAMTRDVR: @ 282.35, RCP: @ 281.85 Reversing from Crucial Support Zone
MA Analysis: Close Crossed Above 20 SMA @ 281.54 & 50SMA @ 275.87
ICHIMOKU Analysis: Crossed Above Tenkan-Sen (282.675) (By Closing) Also Bounced from 275.35 Near CLOUD Lead 2 Band (275.85).
HH-HL & LL-LH Analysis: Trend Changed From LL-LH to HH-HL.
Technical Parameters Also Support the...