This is a short term trade. The price bounces from the support zone formed by SMA50, the uptrend line and 20.00 support level . RSI confirms price reversal. MACD supports upward movement. Pending orders for buy can be placed at 23.20 level. Stop orders should be at 19.50 level. Profit target should be at 26.00 and 30.00 levels.
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Been following your charts for a few days now and I just want to say I really like your style of breaking down the TA. I note that the DMI does not support a buy. How much weight do you give to each indicator to give you a valid reason to buy or not? Also, you have Bollinger Bands but rarely refer to them. Hope you dont think im being a dick, just want to genuinely learn from what you're sharing here. I look forward to your posts mate. Keep up the good work and thank you for sharing. (FWIW, I was long from the restest of previous resistance and been HODL since) ;-)