1. RS positive 2. stock above long term moving averages 3. two iterations of volatility contractions 4. falling falling during contractions 5. respecting recently formed demand zones 6. volume spurts during upmove
7. short term moving averages not holding the stock
trade plan- wait for a bullish candlestick pattern above 50 dema to enter (follow a strict risk management process with discipline, stock market gains work in probabilities)
Disc- i am not SEBI registered IA or RA, the chart published is analysed based on technical parameters and for education purpose only. I may/maynot or will/will not have position in the script.
İşlem kapandı: hedefe ulaştı
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after achieving target price is again back to demand zone and also gave a confirmation