KNR CONSTRUCTION | BUY or SELL ?? | TECH. ANALYSIS
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Some important observations:
Well, I'm bullish after observing the above points, but there are still two possible scenarios.
Scenario 1: Short
Scenario 2: Long
- On the last trading session(i.e 17th March 2022) it opened at 290.50 and experienced a heavy selling which pushed the price to 267.60, but then heavy demand pushed the price upwards(showing buyers interests) and closed at 283.20
- Respecting the trend line.
- A beautiful bullish butterfly pattern is being formed on a daily time frame.
Well, I'm bullish after observing the above points, but there are still two possible scenarios.
Scenario 1: Short
- If it closes below the trend line then we can see it going to 230.
- Target = 230
- Stoploss = High of candle.
Scenario 2: Long
- If it is able to sustain the lower trend line on 18th March 2022, then we can see a good upside movement.
- Target = 330
- Stoploss = Low of the candle
Dagangan aktif
Nota
It has been able to sustain the lower trend line and now moving towards the target. Safe traders keep trailing stoplosses.Dagangan ditutup: hentian tercapai
Penafian
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