Crude oil bullish on weekly chart.
Took support on 200 EMA on weekly chart (White Line).
W pattern in making.
Demand Zone is marked as Green shaded horizontal area.
Double Bottom is marked with 2 Stars which makes Demand Zone stronger.
Resistances are marked as red horizontal lines (For Long Term).
Stoploss is marked as orange horizontal line (For Long Term).
Breakout trade above Skyblue Horizontal line with its Stoploss at Pink Horizontal line.
Price already bounced from Demand Zones.
Rest all levels are marked on the chart.
Breakout trade:-
Buy above 6555
Stoploss 6300
Targets 7770 - 8800 - 9600
Support Based Trade:-
Buy 5700
Stoploss 5210
Long Term Tgts 6555 - 7770 - 8800 - 9600
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
Took support on 200 EMA on weekly chart (White Line).
W pattern in making.
Demand Zone is marked as Green shaded horizontal area.
Double Bottom is marked with 2 Stars which makes Demand Zone stronger.
Resistances are marked as red horizontal lines (For Long Term).
Stoploss is marked as orange horizontal line (For Long Term).
Breakout trade above Skyblue Horizontal line with its Stoploss at Pink Horizontal line.
Price already bounced from Demand Zones.
Rest all levels are marked on the chart.
Breakout trade:-
Buy above 6555
Stoploss 6300
Targets 7770 - 8800 - 9600
Support Based Trade:-
Buy 5700
Stoploss 5210
Long Term Tgts 6555 - 7770 - 8800 - 9600
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.