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Long at Demand Zone with Good RR ratio

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Current price level is clearly a good demand zone where buyers emerge. We can go long here with small Stop Loss just below the low made recently on closing basis and expect a good profit in short term. RSI 40 for this stock worked as extreme oversold zone and again bouncing from this level thus confirming the idea of going long.
Trade fechado: stop atingido
Engulfing CandleLONGnifytoversoldPFRelative Strength Index (RSI)riskrewardtv18brdcst

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