We have seen a bull run in amazon and it has started retracing now

But, RSI has been oversold and has started pointing upwards

we are seeing a good bullish candle which is also inside bar at the bottom of the trend, MACD and ADX are also showing buying opportunity

The volume has also started increasing which is a good sign

But to confirm the Buying call we can wait for amazon to close above the marked horizontal line if it closes above it we can be certain about the buying call

Buy amazon if it closes above 3495 for a target of 3590 with a stoploss of 3430

AMAZON

KUNAL KAMBLE

Nov 11 2021