NSE:HIMATSEIDE
(1) Volume profile: Accumulation phase is running.. between 59.05 to 66.90 Levels And P.O.C. is standing at 62.70
(2) Rectangle Pattern range: 42.90 to 70
(3) Average high volume above trading.
(4) Previous swing high was 70
(5) RSI entered into overbought zone today i.e 22/06/2020. It indicates bulls are active.
Trade Set Up:
Bullish Breakout...
Please do like and share the idea in case you find it good and follow it for further updates on it for benefit of everyone. Also, please comment if you have any feedback. This idea by one right trade is only for study purpose and is not a trading call.
Happy Diwali.
On Weekly Chart Break Out.
Accumulation / Support Zone.
Fundamentally Looks Good.
Can Be Accumulated In Parts.
Investment View For Educational Purpose Only.
Other Details Mentioned In Chart.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
