Interesting setup, and good RR possible.
Weekly TF - Breakout out multi-year trend line, and retracement done. Price refusing to go below previous week low ie; 731,8 INR.
Wait for weekly closing above 200EMA, and break of trendline to take a trade.
Weekly TF - Breakout out multi-year trend line, and retracement done. Price refusing to go below previous week low ie; 731,8 INR.
Wait for weekly closing above 200EMA, and break of trendline to take a trade.
Comment:
11th June21: weekly closing above 20EMA. good for bulls :)
Comment:
*it's 200EMA, not 20EMA
Trade active:
I am having my SL at swing low of 680 INR
Trade active:
Trade active: buying seen at lower levels. Look at the long wicks on weekly time frame. Let's wait and watch how the trade goes.