Reaon for long
a) breakout pull back zone with all 2 indicators positive ( Rainbow, and supertrend long) and the price above 200 ema
these indicators are the speacific zone in the price action. confluence of these indicator along with price action like good engulfing candle ( in this case, it is bullish engulfing candle) indicating the bullishness.
b) breakout candle has good bullish volume candle and pull candle of bear candle has low bear volume,; This observation indicating the good bullishness in this stock. How so ever, this is only the probability game. Hence SL compulsory and mind the position sizing as the position sizing principles.
c) SL compulsory as QQE and Renko is negative
a) breakout pull back zone with all 2 indicators positive ( Rainbow, and supertrend long) and the price above 200 ema
these indicators are the speacific zone in the price action. confluence of these indicator along with price action like good engulfing candle ( in this case, it is bullish engulfing candle) indicating the bullishness.
b) breakout candle has good bullish volume candle and pull candle of bear candle has low bear volume,; This observation indicating the good bullishness in this stock. How so ever, this is only the probability game. Hence SL compulsory and mind the position sizing as the position sizing principles.
c) SL compulsory as QQE and Renko is negative
Comment:
163.4 above days closing is long
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