it is visible that stock is in strong upmove after forming a double bottom at 70 level. after a sideways movement it seems stock is ready to break its resistance of 117 .
resistance on weekly chart is visible in the range of 124-134.
expect a upmove till 130+ level
breaking 112 we can expect a fall till 107
case 1
breakout above 117(high probablity)-
buy with 113 as sl for 130
case 2
breakdown of 112
sell with 114 sl for 107
expect a upmove till 130+ level
breaking 112 we can expect a fall till 107
case 1
breakout above 117(high probablity)-
buy with 113 as sl for 130
case 2
breakdown of 112
sell with 114 sl for 107
Trade geschlossen: Ziel wurde erreicht
KA