Downward range ended
Bottom 3 rejected at strong support level
About to cross 200 EMA
Strong 2 bullish candles for closing day
Stoch bounced from oversold
Entry-Above 2856
Target- 2876(16 Points)
Stop- 2844(12 Points)
Bottom 3 rejected at strong support level
About to cross 200 EMA
Strong 2 bullish candles for closing day
Stoch bounced from oversold
Entry-Above 2856
Target- 2876(16 Points)
Stop- 2844(12 Points)
Trade closed: target reached
Target achieved exactly at given price in 4 candles(within 60 Min from entry)From here there is a strong chance for buyers if reversed from FVG formed. Still price is above 20,50 and 200 EMAs.
If any bullish signals there will be chance for price to touch 2883(0.7% from current price. CMP 2863). And also strong chance for big breakout.
Trade closed: target reached
As described in above comments, breakout achieved and 2nd target can be bookedNote
Today asian paints has formed very good structure. Enter the trade for retracement for bigger profits. AVOID Bearish trades stocks is under consolidation for bigger movements
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.