Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
IBULHSGFIN is following sinusoidal pattern off late and playing within the range. Last week it broke the support. and some how closed above it. One more good resistance level is around 660. If it closes above it then there will be very good upmove till 730. One can go long onto it with SL below 630 on closing basis. Once it closes below 630, there will be huge...
IBULHSGFIN can be bought for swing trading.
Price crossed above EMA 50 which shows the trend is up. Yesterday it formed inside bar now today it has formed bullish pin bar which shows it is taking support on EMA 50.
MACD also confirms an up trend and facing towards crossing zero line.
Risk Reward 1:2.