UFO
Trade setup:
after a huge fall, consolidated for a long time and brokeout from consolidation (stage 2) with huge volumes. 50 week EMA providing good support as well.
RSI > 50 and Relative strength recovering well.
Smallcap index has risen a lot, and please trade with strict stop loss.
Buy price = CMP - between 120 - 140 INR (add on dips)
SL = 100 INR on weekly closing basis.
Target 1 = 167 INR
Target 2 = 290 INR
after a huge fall, consolidated for a long time and brokeout from consolidation (stage 2) with huge volumes. 50 week EMA providing good support as well.
RSI > 50 and Relative strength recovering well.
Smallcap index has risen a lot, and please trade with strict stop loss.
Buy price = CMP - between 120 - 140 INR (add on dips)
SL = 100 INR on weekly closing basis.
Target 1 = 167 INR
Target 2 = 290 INR
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.
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.