WAVES, on daily tf, was moving gradually upwards, It tested previous HH and due to profit booking took a small dip and now once again after testing the previous HH it has crossed it and gone up breaking the resistance.
KVO is also suggesting that volume are kicking in towards buy.
RSI is also reaching 70 mark indicating bullish momentum.
AB=CD pattern has been drawn to arrive to apparent TP of 11% gains; although it is very much likely to test 20 as well using Pole and Flag method.
Trade values:
Buy: 16.57 (CMP)
SL: 14.60
TP-1: 18.33
TP-2: 20
KVO is also suggesting that volume are kicking in towards buy.
RSI is also reaching 70 mark indicating bullish momentum.
AB=CD pattern has been drawn to arrive to apparent TP of 11% gains; although it is very much likely to test 20 as well using Pole and Flag method.
Trade values:
Buy: 16.57 (CMP)
SL: 14.60
TP-1: 18.33
TP-2: 20
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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.