It is been observed on the daily chart that the price action firstly breaks the resistance zone and now taken support on it. Now, it shall further move up from the current levels to continue the previous uptrend. The price action is at low risk, high reward situation.
Target 1: 62
Target 2: 65
Stoploss: 58
Trade active
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Comment
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Every dip is a buy at current levels. Regards
Comment
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Rallying up fast.
Trade closed: target reached
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Target 1 reached successfully. Regards
Comment
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Target 2 active
Comment
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Reaching out sharply. Regards
Trade active
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Trade active
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It is a buy on every dip until target 2 is reached. Regards
Trade active
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Trade closed: target reached
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Target 2 reached successfully. Regards
Comments
Anand7
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Can one take new positions in this ?
NeeteshJain
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@Anand7, Yes, till the Target 2 is achieved. Regards
HASNAINK
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Hey Nitesh , can u comment on the time frame of this trade?
NeeteshJain
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@HASNAINK, I believe it shall take one to two weeks. Regards