Folks, Long Bounty spotted in
EMAMILTD
We have a classical pattern and a retest of the breakout to the demand zone in Emami Ltd. Even on a relative basis to the NIFTY FMCG this scrip is peroforming well and hence we can long in this scrip.
Restrict the entry to lower time frames like Hourly and 15m because there is a possibility price can penetrate deeper as there are many candles with unfilled orders near the demand line.
All the best, Y'all!
EMAMILTD
We have a classical pattern and a retest of the breakout to the demand zone in Emami Ltd. Even on a relative basis to the NIFTY FMCG this scrip is peroforming well and hence we can long in this scrip.
Restrict the entry to lower time frames like Hourly and 15m because there is a possibility price can penetrate deeper as there are many candles with unfilled orders near the demand line.
All the best, Y'all!