On daily TF, PSO has retraced to Fib 62% and then went up after staying there for a few days. Closing of a Green Candle with volumes indicates that Buyers are active now. Also noted that KVO trigger line (Blue) has just crossed over the Signal line (red) indicating interest of Buyers although it is yet below zero level but its direction seems quite vertical. Also RSI is also moving up very sharply and still it has room to move up quote a bit. AB=CD pattern has been drawn to arrive to the TP.
Trade Value
Buy-1: 449.17 (CMP)
SL: 422.40
TP-1: 494
TP-2: 534
Trade Value
Buy-1: 449.17 (CMP)
SL: 422.40
TP-1: 494
TP-2: 534
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.