Relaxo : RELAX by going Long on it!!!
*Observation in Weekly TF*
RSI : Above 60 (In Momentum)
MACD : Above Zero line and uptick
BB: Upside Challenged
EMA 50 : Price is roaming around EMA 50
*Observation in Daily TF*
RSI : Above 60 (In Momentum).
MACD : Toggled near Zero Line and crossover done.
BB: Bollinger Upside challenged after getting squezzed.
EMA 50 : Price > Closed above EMA 50.
Points to be considered for BULL RUN
1.) Flag and Pole Breakout in Daily TF with heavy volume breakout.
2.) Can be Golden crossover of EMA 50 & EMA 200.
Internal Wave 3 of Major Impluse Wave 5 has started.
One can go long on Re-test point and as per own risk -reward ratio.
Target : 1035
Entry : Around 920-930
SL : Strict SL 893
RSI : Above 60 (In Momentum)
MACD : Above Zero line and uptick
BB: Upside Challenged
EMA 50 : Price is roaming around EMA 50
*Observation in Daily TF*
RSI : Above 60 (In Momentum).
MACD : Toggled near Zero Line and crossover done.
BB: Bollinger Upside challenged after getting squezzed.
EMA 50 : Price > Closed above EMA 50.
Points to be considered for BULL RUN
1.) Flag and Pole Breakout in Daily TF with heavy volume breakout.
2.) Can be Golden crossover of EMA 50 & EMA 200.
Internal Wave 3 of Major Impluse Wave 5 has started.
One can go long on Re-test point and as per own risk -reward ratio.
Target : 1035
Entry : Around 920-930
SL : Strict SL 893
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