Trade setup:
Monthly: change in structure from LL-LH to HH.
Weekly: Crossed multi-year trendline. Change in structure from LL - LH to HH. Huge spike in volumes. Crossed 50EMA (never done after 2018) with strong bullish engulfing candle and volumes.
Entry = wait for retracement between 80 INR to 90 INR. Brokerage stocks in flavor.
SL = 50 INR (swing low) or below 50 EMA (weekly TF) depending on your risk apetite.
Target 1 = 128 INR and T2 = 200 INR
Monthly: change in structure from LL-LH to HH.
Weekly: Crossed multi-year trendline. Change in structure from LL - LH to HH. Huge spike in volumes. Crossed 50EMA (never done after 2018) with strong bullish engulfing candle and volumes.
Entry = wait for retracement between 80 INR to 90 INR. Brokerage stocks in flavor.
SL = 50 INR (swing low) or below 50 EMA (weekly TF) depending on your risk apetite.
Target 1 = 128 INR and T2 = 200 INR