Long
Amara Raja Batteries
Interesting setup, and good RR possible.
Weekly TF - Breakout out multi-year trend line, and retracement done. Price refusing to go below previous week low ie; 731,8 INR.
Wait for weekly closing above 200EMA, and break of trendline to take a trade.
Weekly TF - Breakout out multi-year trend line, and retracement done. Price refusing to go below previous week low ie; 731,8 INR.
Wait for weekly closing above 200EMA, and break of trendline to take a trade.
Note
11th June21: weekly closing above 20EMA. good for bulls :)Note
*it's 200EMA, not 20EMATrade active
I am having my SL at swing low of 680 INRTrade active
Trade active: buying seen at lower levels. Look at the long wicks on weekly time frame. Let's wait and watch how the trade goes.
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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.