Trade Setup:
Daily TF: seems to be forming cup and handle formation. Structure changed from LH - LL to HH - HL (bullish indication). Stock taking support at 200 EMA.
Weekly TF: Stock talking support at 50EMA
Entry = 3913 INR (CMP). Any dip is a buying opportunity.
SL = 1% below 200 EMA on daily TF or below pink trend line or swing low ie, 3660 INR
Target = 4260 INR
RR = greater than 1.5
Daily TF: seems to be forming cup and handle formation. Structure changed from LH - LL to HH - HL (bullish indication). Stock taking support at 200 EMA.
Weekly TF: Stock talking support at 50EMA
Entry = 3913 INR (CMP). Any dip is a buying opportunity.
SL = 1% below 200 EMA on daily TF or below pink trend line or swing low ie, 3660 INR
Target = 4260 INR
RR = greater than 1.5
Trade closed: stop reached:
SL hit. trade closed.