ABFRL
was in a steep downtrend in the past. It can be observed from the Candlestick Chart that this Down Trend line has already been engulfed and the price has retested it.
Currently, the Price has been able to break a Lower High and started creating Higher Highs and Higher Lows on the chart, which is a signal of the beginning of an Up-trend.
The price has already reacted from a Trap Zone, and hence, I am expecting that it can give us a quick 10% Return on Investment. So, the Target could be 236 to 240 for now.
Trade chiuso: obiettivo raggiunto