1. Price moving from demand zone. 2. EMA support is taken. 3. Double bottom type formation can be seen. 4. A strong trendline breakout will be expected. 5. Earnings are good.
Trade Plan:
1. RRR is favourable. 2. ENTRY = CMP around 1588 3. SL = 7-8% 4. TP = 30-40%
- Stay tuned for further insights, updates and trade safely! - These are my personal views. - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
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