After the big correction, there is now renewed interest in the counter. The stock has been climbing and after correcting from a trendline resistance, the stock has broken out above the trendline again. Volumes have also been very high. There is a Cup and Handle formation. All indications now that the positive trend will continue. Go long..Price levels...
hello friends do you know when current day 1st candle low break it is the best sell point of the share.and when share price breakout the 1st candle low it may be target to fibonacci levels 1.61 or 2.61 .drow process of fibonacci levels 1st click 1st candle low and join to 1st candle high you can find fibonacci levels 1.61 and 2.61
RSI showing bullish divergence in hourly charts
Go long for upto Rs. 40 upwards from 330 levels
On the longer timeframe, entering 3rd wave
MACD showing strength
The stock can take support at the Kumo Cloud and the parallel channel can also help as support. Keep the stoploss below the Kumo Cloud and the target price would be the middle line of the parallel channel.
1. Buy and hold till blue MACD line crosses red line on downside for the second time, at around 14
2. RSI is above 70
3. Histogram dosen't make higher high
4. 8DMA is about to fall, from a steep rise
5. Elliot wave is completing its 5th wave.
6. Stop loss - 305.
Enter the trade with following levels:
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ENTRY: 365
SL: OPEN
TARGET-1: 368.60
TARGET-2: 372.20
TARGET-3: 375.85
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