GATI-Weekly chart suggests that,price has formed a symmetrical triangle pattern.
Now the price is trying to move out of the triangle pattern with a good white candle.
Also the 21,50 week Dema giving good support.
If the move is going to continue upwards, can it reach targets 144,166 and a greedy target of 184.
Stop loss can be placed below 129.
Thanks and Regards
Now the price is trying to move out of the triangle pattern with a good white candle.
Also the 21,50 week Dema giving good support.
If the move is going to continue upwards, can it reach targets 144,166 and a greedy target of 184.
Stop loss can be placed below 129.
Thanks and Regards
Trade closed: stop reached:
-The price action didnt follow as I expected.
Its always better to look for a solid white candle.
Thanks and regards
Its always better to look for a solid white candle.
Thanks and regards