Hello Traders!
The stock is trading above the 50ma, 20ma and closed above the 6ma previously. So position can be taken at current price. Rising volume for buying can also be seen clearly. Risk reward and the ROI will be great. Position should be taken with proper position sizing for ideal risk management. Sl will be strictly closing basis of weekly candle.
Rest the details have been mentioned in the chart properly. Chart is neat and clean.
Any quires can be asked in the comment box.
DISCLAIMER: The analysis is given for learning purposes and not our trading recommendation.
The stock is trading above the 50ma, 20ma and closed above the 6ma previously. So position can be taken at current price. Rising volume for buying can also be seen clearly. Risk reward and the ROI will be great. Position should be taken with proper position sizing for ideal risk management. Sl will be strictly closing basis of weekly candle.
Rest the details have been mentioned in the chart properly. Chart is neat and clean.
Any quires can be asked in the comment box.
DISCLAIMER: The analysis is given for learning purposes and not our trading recommendation.