Value Buy Setup

8월 30일

Monthly Time Frame
Bullish stock-RSI above 60 and Price above 20 MA

Weekly Time Frame
Trading in very narrow range 112 to 117 since last 3 weeks. Very Low Volatility- Actually Consolidation

Daily Time Frame
Price making Higher Bottom with supply zone at 118
Price Made Morning Star on 16th Aug 24 and Twizzer Bottom on 28 Aug 24
Price Taken Support at 20 SMA and 200 MA
Good Volume in last 2 trading Session 29th and 30th Aug 24
RSI Bullish Diversion ( 5/8/24 and 16 Aug 24. Very Near to 40 support making it High Probability Trade
Fib 50 percent Retracement

Challenges
Immediate Resistance at 118
Also Multiple Gaps
Target 1- 128 Target 2-138

Educational Purpose