High strength setup poised to make decent returns in the near future.
Satisfies the 2 Bollinger Band strategy.
Decent fundamentals to support the uptrend.
Entry above 76 daily close.
While the stock has broken out and gone below the ascending channel and a short term support, it now looks ready to bounce back. A green candle on Hieken Ashi and positive Stoch. RSI support the bullish view from here.
This is a super strong chart when compared in NIFTY 50 since last peak. Price has taken support on Kumo cloud and bounce back up and continue the trend higher. The AD line has fantastically moved upward without major change in the price, this means price is ready for a BO upwards.
The target is open and can reach great heights.
Happy Trading /...
