- ADX>20 - RSI<50,RSI<70 - Daily RS +ve - Daily FFI +ve - Daily MACD +ve - Weekly RS +ve - Weekly FFI +ve - Weekly MACD +ve - MAs are aligned. - Breakout of down trendline on 15 Jul 2021 with good volume. - Retraced on lower volume to 50% Fib. level before buyers coming back in on 28 Jul 2021. - Breakout of ATH on 11 Aug 2021 with good volume, and entry based on this. - Looks like earnings announcement is coming soon, and automotive sector is doing well globally. Hence, would expect a good earnings result to push the price higher.
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- Take 50% partial at 59.20 - Shift SL: 49.39 - New TP: 56.00