TRACK FOR SWING OR POSITIONAL TRADE
KEY POINTS
1.TREND : MONTHLY UP
: WEEKLY UP
2. Taking support on Weekly time frame's swing high ( 24 may 21)
3. In daily structure is of consolidation
4. Supported by 200 day EMA
As we are in uptrend in higher time frames , so one can track for buying setup if a good BO happens.
In monthly time frame stock is in uptrend ,HL structure is intact. Which means
stock is in correction of monthly Time frame
in weekly bullish flag is in formation.
So we will wait for structure change and clear breakout of flag pattern In weekly time frame.
IF BO OF LH SUSTAIN, ONE CAN LOOK FOR BUY ON RETRACEMENT. WITH SL OF LAST LL.
OR
U CAN CHECK FOR...
