Price action to watch .
Possibility price to reach 510 if break below trend line.
Possible sell trade entry at CMP 540 with SL above 545.
In case of gapup, we could wait and observe if price closes again below trend line.
old demand zone below 510
Price action only to watch.
Having buy bias as seen in chart
Aggressive entry CMP till moving average.
SL - candle close below trend line.
(entry 850, SL 840)
Conservative entry near next channel bottom and demand zone.
SL - below zone.
(entry 825, SL 815)
In both cases, SL is 10 points. Target 30 points.
No trade in case of huge gaps.
STLTECH copybook chart as per ICHIMOKU theory.
1. cloud green
2. tenkan above kijun
3. chikou in free space
4. price taking support on both ks and ts
5. rsi strong
price taking support above old supply level.