DISCLAIMER: This idea is NOT a trade recommendation but only my observation. Please take your trades based on your own analysis.
Points to note:
-----------------
1. RSI shows a bullish divergence with price.
2. The rejection of selling comes inside a Weekly Demand zone.
3. The high volume inside the Demand zone shows presence of buyers at this level.
-----------------
A trade can be taken with the above points in mind:
Entry - CMP, SL - 269, Tgt - 305, RR- 1.88
Points to note:
-----------------
1. RSI shows a bullish divergence with price.
2. The rejection of selling comes inside a Weekly Demand zone.
3. The high volume inside the Demand zone shows presence of buyers at this level.
-----------------
A trade can be taken with the above points in mind:
Entry - CMP, SL - 269, Tgt - 305, RR- 1.88
Related publications
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.
Related publications
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.