LONG - CARBORUNDUM UNIVERSAL LTD

Buy @ 592 - 1st Lot
AVWAP: 568
SL: 560

Early Exit: RS crossing below 50 EMA
AVWAP: 568
Supply zone: 614 to 625

Value Area
- Previous candle pattern bullish engulfing
- Price bounce bounced from Demand Zone, forming successive Pin Bar
- Reversal of RSI - Crossin 50 from below
- RS support @ 50 EMA

Triggers
- RS forming higher high, violating downward sloping trendline
- RS line crossing 50 EMA from below
- Pin Bar with enhanced volume
- RSI > 9 EMA @ VA
- Confluence of Price & RS
- Accumulation: Last 4 weeks, delivery volume in the uptrend

2nd lot confirmation
- Closing > 825
- Follow-through with higher enhanced volume.
- 21 days RS Breakout

Trade active:

Bought 2nd Lot
- Avg. 600
- T1 - 638
- T2 - 679
Trigger
- RS & RSI confirmation
- RSI Break out followed by positive reversal pattern
- 21 day RS Breakout 2 days back
- Price closed with Enhanced volume

Trade active:

First Target - 638 achieved.
Breakout today with high volume.
Trailing SL - 578

Trade active:

Trailing SL - 590

Trade active:

Trailing SL - 619
T3 - 720