ICIL
Breakout has occurred on daily charts from ascending triangle with high volumes.
As per measured move we can see a target of around 30 points ie 160 levels.But as the price is very near but below its 200 period EMA and support turned resistance zone at 135 , it may see some consolidation or throwback to breakout levels. So we can put this script in radar for coming days for a better opportunity.
As per measured move we can see a target of around 30 points ie 160 levels.But as the price is very near but below its 200 period EMA and support turned resistance zone at 135 , it may see some consolidation or throwback to breakout levels. So we can put this script in radar for coming days for a better opportunity.
Komentar:
As today the price has taken support on the lower trendline of the ascending triangle , the trade is still vaild and also if tomorrow the market stays positive we can have a low risk trade .But if the price closes below the triangle, then will have a busted pattern which will act as a continuation of the prevailing downtrend.
Overall the script has become more interesting to have in watchlist
Overall the script has become more interesting to have in watchlist
Also if the price breaks today`s high ie 138.85 , in the next session momentum traders can go long.