MRF formed Round bottom. The current trend in ascending channel. So expecting a breakout from the resistance at 69830. Once it broke it is resistance it will be good for long.
Height of cup 8269
buy above 70500
Target 1 78099
Amamaraja now has a resistance at 200 EMA. It made a round bottom at Daily Time Frame
Will Raja will conquer the resistance?.
Once breaks it resistance we can initiate a long.
Buy above 812
Target 1 : 821
Target 2 : 847
Target 3 : 904
CBSL (Strict) : 800
Earlier ema 365 support is now acting as Resistance. Bearish Harami is formed in the Day Time Frame. Hence the trade setup is
Short Below 985.00
target 1 925.33
target 2 878.59
Since we are riding against the trend (Ascending Channel). So strict stop loss required.