SHRIRAMCIT - Long On Weekly Time Frame
Price has taken rejection from resistance (BLUE LINE) 3 times, now price is consolidating near WRT, also we have a Ascending Triangle forming, we also have EMA crossover is happening.
Enter between 2000 - 2010 levels or Enter on Friday when the weekly candle gives a strong closing above 1930 levels
SL below 1860 on weekly closing basis wait till Friday if the price is below 1860 exit tread
Target 1 at 2200 book half qty and bring SL to cost, now tread will be risk free
Target 2 at All Time High Levels at 2500
Enter between 2000 - 2010 levels or Enter on Friday when the weekly candle gives a strong closing above 1930 levels
SL below 1860 on weekly closing basis wait till Friday if the price is below 1860 exit tread
Target 1 at 2200 book half qty and bring SL to cost, now tread will be risk free
Target 2 at All Time High Levels at 2500
Commento:
In a single day itself the 95% of the Target got achieved.