Trade Setup:
- crossed resistance of 210 INR and sustained on weekly basis (price trading at support levels).
- 20 EMA crossed (or is above) 50 EMA on weekly basis, and the EMA's are steep in upward direction.
- RSI > 50
- RS is positive (>0)
Buy price = CMP (215 INR). Add on drips until near 50 EMA
Stop loss = trendline
Target = 310 INR
- crossed resistance of 210 INR and sustained on weekly basis (price trading at support levels).
- 20 EMA crossed (or is above) 50 EMA on weekly basis, and the EMA's are steep in upward direction.
- RSI > 50
- RS is positive (>0)
Buy price = CMP (215 INR). Add on drips until near 50 EMA
Stop loss = trendline
Target = 310 INR
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