in weekly time frame, morning star is formed at the horizontal support zone which coincides with .618 retracement of prior downtrend.
Also in daily time frame there is a breakout from downtrend channel with good volume, It seems trend reversal is done here and price should move from now on.
here sl should be - 102 (below morning star low), 1st tgt - 131 (immediate resistance) 2nd tgt - 150 (previous swing high).
Also in daily time frame there is a breakout from downtrend channel with good volume, It seems trend reversal is done here and price should move from now on.
here sl should be - 102 (below morning star low), 1st tgt - 131 (immediate resistance) 2nd tgt - 150 (previous swing high).
交易开始
till now 119.9交易开始
till now 122.5交易开始
till now 125.5交易开始
big move on fri, closed at 132.50, above upper bb, and bb is expanding in daily, sign of bullishness. 交易开始
after making a swing high of 137, it corrected to 117 level, now it reversed from horizontal support, looks bullish now. 交易开始
big candle formed with high volume, price closed above upper bb and BB is expanding. Looks bullish now, 交易开始
price is approaching congestion area, currently it is near to trend line support level, 交易开始
1st tgt achieved here, follow up chart, price approaching overhead resistance, post successful breakout road will be clear for second tgt.
注释
cmp - 137.8, successful breakout from the congestion area, looks bullish, higher tgts can be achieved here. 注释
in daily, price is sustaining above middle bb and pushing upper bb upwards交易结束：到达目标
cmp - 150.10, 2nd tgt achieved here, cheers, it took around 27 week, and gave around 29% return.
in current scenario, it has crossed previous horizontal resistance in weekly, looks bullish, much higher levels can be achieved here,
注释
monthly chart shows that, next tgts at - 192, then 285, 
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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.