When Fibo retrace from 1050 levels it has broken 0.618 levels and closed above yesterday.
Now it has double bottom , Rectangle and cup breakout.
The cup breakout and box should give at least 50 Rs.
As seen from chart the green bars are much monger than red bars and respected all moving averages in falls.
Ideally i will enter 950 levels for 1050 target.
My other conformation is Elliot oscillator is green and black bar on for Stochastics.
How ever one issue.
Stock making high but oscillator not broke the previous high.
so i will enter only 50%
Now it has double bottom , Rectangle and cup breakout.
The cup breakout and box should give at least 50 Rs.
As seen from chart the green bars are much monger than red bars and respected all moving averages in falls.
Ideally i will enter 950 levels for 1050 target.
My other conformation is Elliot oscillator is green and black bar on for Stochastics.
How ever one issue.
Stock making high but oscillator not broke the previous high.
so i will enter only 50%