Major points of analysis and decisions - 1. Trend pattern upside 2. Stock is at the below of trend channel 3. Doji formation at the bottom after many red candles showing an indecision among sellers or weakness in sellers 5. Strong long tail doji 6. RSI 50
Target 423-432
Đóng lệnh: đạt mục tiêu
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First target achieved of 423, Prices following Trend line, open for second target
Pleasure to have you here. in this 15 minutes chart, and intraday setupmfor emami Ltd
there is a pinbar formed after many bearish candles nd there are probable chances that it will now bounce back as there is some indecision in the price.
if you like the idea please like the post :) It will be a motivation to further such ideas.
Note:- 1) This is just an intraday analysis setup and no advice to trade.
2) If you are making position, please have your risk to reward analysis and then enter.
3) The analysis and target shared does not mean i trade in them, entry and exit depends on the market open and other factors.
there is a pinbar formed after many bearish candles nd there are probable chances that it will now bounce back as there is some indecision in the price.
if you like the idea please like the post :) It will be a motivation to further such ideas.
Note:- 1) This is just an intraday analysis setup and no advice to trade.
2) If you are making position, please have your risk to reward analysis and then enter.
3) The analysis and target shared does not mean i trade in them, entry and exit depends on the market open and other factors.