Reasons for bullish bias:
- Price is at horizontal support plus trendline
- Positive earnings
- Strong bullish candle closing
Here are the recommended trading levels:
Entry Level(CMP): 1509.80
Stop Loss Level: 1298.24
Take Profit Level 1: 1509.80
Take Profit Level 2: Open
Note: It is a slightly risky trade, if the price forms some more bullish candles it might add weightage to the bull's side.
- Price is at horizontal support plus trendline
- Positive earnings
- Strong bullish candle closing
Here are the recommended trading levels:
Entry Level(CMP): 1509.80
Stop Loss Level: 1298.24
Take Profit Level 1: 1509.80
Take Profit Level 2: Open
Note: It is a slightly risky trade, if the price forms some more bullish candles it might add weightage to the bull's side.
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TP1 hitPenafian
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.
Penafian
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.
