Managed to took 5%and 10% profit from this counter within 1 month.
Previous Buy Call
E ( Entry) 2.26( Closed at or above it) -
S ( Stop Loss) :2.23
P ( Profit) : 2.34
RRR (Risk to Reward Ratio) = 2.67 (Slightly Rewarding)
E ( Entry) 2.26( Closed at or above it) -
S ( Stop Loss) :2.23
P ( Profit) : 2.42
RRR (Risk to Reward Ratio) = 4 (Rewarding)
Indicators
1 ) Trendline - Broke above the downtrend line .. ( Bullish)
2) Support/Resistance - Formed higher high and formed higher low ( Bullish)
3) MACD - Bullish Crossover ( Bullish) .
4) RSI - Rebounding from 50% and testing 70% (Bullish) ,
5) STO -Starting of Bearish Crossover ( .Bearish)
6) Ichimoku - a) Price above the support cloud ( Bullish)
b) Conversion line above the base line ( Bullish)
c) Price close above the baseline ( Bullish)
.
Conclusion:
If it retrace downwards it may might potential formed bullish flag.
Resistance- 2.5 / 2.65
Support - 2.46 / 2.36 2.28 / 2.25 / 2.22 / 2.2 / 2.16 / 2.12