XCHANGING has been rallying since the last few months. Currently it is at a S/R zone of 128. We have to wait a couple of weeks to see if this will turn out to be a Support Zone or a Resistance zone. If it turns out to be a good Support Zone, we also have a MACD crossover incoming and once the crossover completes, it can rally up the stock at least till its Swing High Levels.
Another point to note is while the Lower Low Pattern on Price Action and Higher High Pattern started forming in the April of last year, this is only the next MACD crossover we are going to see after that.
Trade active
Note
11% Profits done so far. Trade seems to be going exactly as expected.
Note
Achieved 11% Profits so far. Trade seems to be going exactly as expected.
MACD has made a successful crossover too.
Could hit targets sooner than expected.
Keep a close eye
Trade active
Entry Again. Trade closed manually
Achieved Max Profits of 12%. Unfortunately, the trend has reversed and going downward. Better to exit. Do not hold further. Congrats to those who where able to book up to 12% Profits.
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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.