Stock Name - Hubtown Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 84 #This is not Buy and Sell recommendation to any one. This is for education...
There was a kind of double bottom on weekly spaced over time. Second swing high after RSI bottomed out. Took a long position with stop as shown. Trailing stop loss will be used to manage.
As can be seen on weekly chart the price has crossed above tenkan sen and there is flat kijun which attracts price towards it. So its good for short term price till price reaches the tenkan. Also there is an uptick in the AD line which means smart money is flowing in. Happy investing / trading Regards Shamoil