HIGHEST PROBABILITY POSITIONAL TRADING SETUP IN BRITANNIA
Reasons to BUY now
1.WEEKLY TIME FRAME ANALYSIS:
.Breakout from FLAG and POLE pattern / Parallel Channel Pattern with good volumes and is now retesting it with low volumes
.RSI is 48 which indicates long term strength
.EMA 52 rejection
.0.618 Fib ratio rejection
https://www.tradingview.com/x/d3f0IA9A/
2.DAILY TIME FRAME:
.EMA 200 Support
.BULLISH engulfing candle pattern after a false breakout of EMA 200.
https://www.tradingview.com/x/unwosauZ/
NOTE: This is a positional trade and will take time to perform and give targets...but this is the safest trade one can take in this market.The stock might also give a false breakdown from these levels and then head higher as it is a bull market and an uptrending sector stock...
FOLLOW me for more such content ahead...Till then,
HAPPY TRADING :)
1.WEEKLY TIME FRAME ANALYSIS:
.Breakout from FLAG and POLE pattern / Parallel Channel Pattern with good volumes and is now retesting it with low volumes
.RSI is 48 which indicates long term strength
.EMA 52 rejection
.0.618 Fib ratio rejection
https://www.tradingview.com/x/d3f0IA9A/
2.DAILY TIME FRAME:
.EMA 200 Support
.BULLISH engulfing candle pattern after a false breakout of EMA 200.
https://www.tradingview.com/x/unwosauZ/
NOTE: This is a positional trade and will take time to perform and give targets...but this is the safest trade one can take in this market.The stock might also give a false breakdown from these levels and then head higher as it is a bull market and an uptrending sector stock...
FOLLOW me for more such content ahead...Till then,
HAPPY TRADING :)
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