1. Good volume
2. Respecting medium term support
3. Support is also coinciding with 50ema
4. Risk to reward of 1:5
Entry, stoploss, exit are indicated.
Best is used with option writing. (PE sell at 50ema)
Disclaimer: it’s not a trading advice. For learning purposes only.
This stock is looking strong and on its way for a breakout. Looks like a cup and handle pattern on daily candles. Prediction is projected. Risk to reward is favourable. Conservative traders can wait for confirmation. Aggressive ones can initiate in small quantities.
Learn to earn for fun. Pilot trader.
Disclaimer: Not for investment advice, for education...
