Buying Opportunity ahead in the security. The security is trading near its resistance on an intraday time frame. Once the security is able to close above the resistance zone on an intraday basis, we will advise to go long on the security with maintaining a strict SL @ 30009.

The security is trading above the EMA which is indicating a positive direction. The RSI is following the piece and we expect the same in the coming period. The RSI trading above 57 would be a RSI breakout on intraday time which will strengthen the upside move.

Recently the DMI+ has crossed DMI- which indicates positive direction, The DMI+ above 29 will strengthen the move. The ADX on the downside is showing a turnover which indicates strength in the direction.

AMAZON

Feb 03 2022