Reasons for bullish bias:
- Falling wedge pattern
- Price respecting long term trendline
- Price is at the weekly support zone
- Bullish divergence
Here are the recommended trading levels:
Entry Level(Buy Stop): 66.85
Stop Loss Level: 59.08
Take Profit Level 1: 74.62
Take Profit Level 2: Open
Taking aggressive entry at CMP, but safe entry will be above 66. Also, heads up Earnings date is 12 July (Friday)
- Falling wedge pattern
- Price respecting long term trendline
- Price is at the weekly support zone
- Bullish divergence
Here are the recommended trading levels:
Entry Level(Buy Stop): 66.85
Stop Loss Level: 59.08
Take Profit Level 1: 74.62
Take Profit Level 2: Open
Taking aggressive entry at CMP, but safe entry will be above 66. Also, heads up Earnings date is 12 July (Friday)
Trade active
TP1 of safe side hit! Price up 13% from the safe entry and 21% up from aggressive entry!!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.