finolex cable looks bullish in medium term.

it is in a strong uptrend in monthly time frame.
in weekly, price recently bounced from uptrend channel support and horizontal support.
Also hidden bullish divergence seen in weekly.

so sl - 447, tgt1 - 551, tgt2 - 590

Transaction en cours:

till now 508.90

Transaction en cours:

it has to break the downtrend line to move up ,

Transaction en cours:

moving up as expected till now 524.9,

Transaction en cours:

till now 530.15

Transaction en cours:

1st target done here, closed at 550.40.

Commentaire:

bearish bat formed here in daily, and price reversed from PRZ.

So risk averse traders may book the profits, total 11% profit.

Trade fermée: cible de profit atteinte:

both the tgts are achieved here, also price is near channel resistance, total 28% gain till now

Commentaire:

in daily, price is approaching for a squeeze,

Commentaire:

price closed above upper BB and BB expansion happened here,