So I am taking this trade on my basic 'Atleast 3 reasons to take a trade rule'.
All of these reasons are based on technicals and indicators.
Reasons
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1. Breakout in Daily charts with high volume.
2. Breakout of 0.382 Fibo levels.
3. Both RSI and MACD suggesting an upmove.
4. Share price crossed 20 DMA while being significantly above 100DMA & 200DMA
5. It has crossed 20 MA, 100 MA, & 200 MA on 30m chart
I would suggest a strong buy on this stock but this is just my view. Analyze and fact-check everything yourself before taking a trade
All of these reasons are based on technicals and indicators.
Reasons
---------------------
1. Breakout in Daily charts with high volume.
2. Breakout of 0.382 Fibo levels.
3. Both RSI and MACD suggesting an upmove.
4. Share price crossed 20 DMA while being significantly above 100DMA & 200DMA
5. It has crossed 20 MA, 100 MA, & 200 MA on 30m chart
I would suggest a strong buy on this stock but this is just my view. Analyze and fact-check everything yourself before taking a trade
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