Reason for long
a) The QQE and renko indicator given long after long term wedge and channel formation.
b) channel formation and weekly breakout with volume and price spurt
c) The curren cmp is less than book value and it indicates value buy for long term investment.
d) Howsoever, SL is compulsory below the current week low because, the price that trend to hit 52 week low trend to break the level towards downside.
e) volume buy occured that previous swing low at 260 to 300 level. Hence one can book target at 260 to 300 level as target 1
a) The QQE and renko indicator given long after long term wedge and channel formation.
b) channel formation and weekly breakout with volume and price spurt
c) The curren cmp is less than book value and it indicates value buy for long term investment.
d) Howsoever, SL is compulsory below the current week low because, the price that trend to hit 52 week low trend to break the level towards downside.
e) volume buy occured that previous swing low at 260 to 300 level. Hence one can book target at 260 to 300 level as target 1
Trade closed: target reached