In weekly, inv HnS pattern formed, then breakout with good volume, strong base is formed, and price reversal is complete.
also horizontal resistance broken with good volume,
1st tgt - 76, 2nd tgt - 90, sl - 53
also horizontal resistance broken with good volume,
1st tgt - 76, 2nd tgt - 90, sl - 53
Trade ativo
after recent correction, hidden bullish divergence is formed in daily after 50% retracement.Trade ativo
price approaching the support zone. Trade ativo
1st tgt of 76 is achieved here, also it touched the channel resistance, we can see here, that it never came to the support zone and reversed before that and started upward journey,
So one shouldn't pin point the entry point, rather one should take an entry in a distributed pattern (in 2 or 3 parts)
Nota
in weekly, big green candle formed and closed above upper BB, with high volume, BB started to expand.so road is clear for upward journey.
Trade ativo
at cmp - 67.8, price at horizontal support. Trade ativo
in daily, price bounced from horizontal support zone, Trade fechado manualmente
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.