Price Action with RSI and DMI -Good Bullish Momentum[NATIONALUM]

2021년 8월 29일

Chart indicating a high probability of bullish trend to continue on a 1h time frame.

INTIMATIONS:-

1- BASIC TRENDLINE: Closing on Support/Resistance at 85.00INR. NATIONALUM
2- MOMENTUM INDICATOR: RSI crossing 60 with high volumes.
3- TREND INDICATOR: ADX crossing 20 hence trend is confirmed.

WHAT TO DO:-

1- SWING TRADE: FOLLOW THE STRICT PARALLEL TRENDLINE. GO LONG WITH A 10% TARGET AND STOP LOSS OF 5%.