- Held the demand zone and ST trendline support nicely last week. +++
[*} Good accumulation volume ++ - Holding above 60 VMA +++
- 3D MACD signal is green ++
- Overhead supply around 16.5 (also coincides with the 600 DMA)
- Takeaway: I like long position here or ideally, on the touch of 16.5 and pullback.
- First target 23-25 (around 200 DMA)
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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.