BJK : A good buying opportunity is ahead.
The ETF has made a Harami Pattern which is one of the best Reversal Patterns with a failure rate of 13% which is really good.

The pattern should be made near its low or high for the validation. We have seen the formation near the support which suggests a validation.

The Etf has takken support at the lower band of bollinger and if we observe the Etf it has followed the bollinger band.

On the other hand RSI bouncing back from the lower level is also suggesting a change in momentum.

Aggressive traders can start buying as there is high potential for the Etf to perform ahead .

Swing Traders can wait for the Etf to close above 52. Once the closing is above 52 Swing traders can enter.

SL will be Etf closing below the Support Line. Expected Target would be 54.50-57.

If the Etf is able to close above 57 if the move is supportive will see a good upside move till 63-70 levels.

Advice : BUY @ CMP

Buying Opportunity

Jul 11 2021

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