NavinFluorine - Go Long - Weekly
#NavinFluorine #weekly
=> On Weekly chart it follows rising channel pattern forming Higher highs and Higher Lows.
=> Clearly bounced back from the support level(Positive Divergence)
=> Increase in volume confirms bulls are in control
=> Historically, it takes support from 20 sma and bounced back. Now took support at 20 sma
=> Immediate resistance placed at 3973, it's good to go long above the resistance.
=>Can go long till upper channel trendline, later when breaks can re-enter.
=> SL is previous week low, in this case RR is bit high.
=> This is only for educational purpose, Trading involves Substantial risk of loss, pls consult your financial advisor before investing
=> On Weekly chart it follows rising channel pattern forming Higher highs and Higher Lows.
=> Clearly bounced back from the support level(Positive Divergence)
=> Increase in volume confirms bulls are in control
=> Historically, it takes support from 20 sma and bounced back. Now took support at 20 sma
=> Immediate resistance placed at 3973, it's good to go long above the resistance.
=>Can go long till upper channel trendline, later when breaks can re-enter.
=> SL is previous week low, in this case RR is bit high.
=> This is only for educational purpose, Trading involves Substantial risk of loss, pls consult your financial advisor before investing
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.