KARURVYSYA 21.08.2024
Very good upside bullish movement from last one year.
Currently it is moving in a dedicated ascending channel. Stock has returning to upside without creating HL this time.
Buy- 227
Target- 245
Stop Loss-209
Risk Reward- 1:1
1.Breakout- Inside bar & Doji
2.Trend- Upward range/trend
3.KeyLevel- Just below resistance. Need to break previous resistance for more rewards
4.Volume- Very good above average volumes in
breakout candle. Previous sessions analysis signs of bullish signals
5. EMA- Price above 21 % 51 EMA after rejecting once from 200 EMA
6. Pattern- Ascending channel with creating multiple HH & HL
Trade closed: stop reached
Stop Loss reached!!
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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.