Citi Pharma is in bull run for almost past 9 months. On Monthly TF, Cup has been formed but Handle is yet to be made. See picture pasted on the chart. For that price must retrace a bit to Fib 0.23 to 0.38. In that case Entry will be at retrace and TP will be equal to depth of the cup.
On the other hand if price does not retrace then entry should be sufficiently above the Daily Resistance level so that it then becomes its support level.
RSI and KVO both are supporting the bull run continuation.
Trade Values
BUY-1: 53
BUY-2: 42
TP: 81
SL : 38 (HL)
On the other hand if price does not retrace then entry should be sufficiently above the Daily Resistance level so that it then becomes its support level.
RSI and KVO both are supporting the bull run continuation.
Trade Values
BUY-1: 53
BUY-2: 42
TP: 81
SL : 38 (HL)
Trade active
BUY-1 triggered.Trade closed: target reached
Now price may retrace till 59 making a Higher Low, before again going up towards TP.Note
Trade not closed. It is still active.Note
TP reached. Therefore, trade has been closed.
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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.
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.