Wavozen

8377 Trendline breakout

Long
Wavozen Updated   
NSE:TATACOFFEE   TATA COFFEE

  1. Reason for long

1. Trendline breakout and long above the previous day high.
2. current red candle does not have significant bear volume and also most of the coffee and tea sector stock reaching outer circuit indicating the bullish for short term view.
3.Most indicator are positive like rainbow, supertrend, super vwap and channel.
4. QQE and Renko negative; Hence SL below the low of current candle low daily close.
Trade closed manually

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