Dmart- Bullish Swing-Will ascending channel continue its path?
Updated
DMART 20.08.2024
Buy- 5090
Target-5275
Stop Loss-4883
Risk Reward-1:1
Price is creating multiple HH & HL after a good breakout in March 2024
Price is again approaching all time high which has previously reached in 2021.
1.Breakout- Inside bar
2.Trend- Upward range
3.KeyLevel- Bounced from Key support level
4.Volume- Good volumes in breakout candle in last few sessions
5. EMA- 21 EMA Rejection & price above 50 EMA
6. RSI- Bullish indication
Trade active
Momentum has started!!Trade closed: target reached
Target reached
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