As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=150.15.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of R2=150.45.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=150.45.
In this situation, there is an expectation to reach the target R3=151.6.
Set the stoploss of reverse orders at breakout of R1=150.15
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