Simple Setup
Stock falling from Sept 16th 2020
But with low volume.
Long wicks at bottom are more.
More than 20% of candle body.
on 25th Sept touched around 9EMA.
Today was a breakout above 9EMA around 504 levels
If close today (28th Sept) above 504 then we cn buy for a 20 to 30 Rs move.
15Th candle was the first target.
ATR too falling.
In the process supported by RSI and Stochastics
A possible trade, as long above 9EMA closure today.
Stock falling from Sept 16th 2020
But with low volume.
Long wicks at bottom are more.
More than 20% of candle body.
on 25th Sept touched around 9EMA.
Today was a breakout above 9EMA around 504 levels
If close today (28th Sept) above 504 then we cn buy for a 20 to 30 Rs move.
15Th candle was the first target.
ATR too falling.
In the process supported by RSI and Stochastics
A possible trade, as long above 9EMA closure today.