AMARAJABAT can be bought for swing trading. Price crossed above EMA 50 which shows the trend is up. Also after giving breakout of EMA 50 it is in pullback mode and it has formed inside bar . MACD also confirms an up trend and facing up and also above zero line. Risk Reward 1:2.
Just a doubt. Isnt it better to wait for 1 confirmation bar after an inside bar to initiate a entry position, just in case to avoid a fakey formation ?