The Security had formed Double Bottom at its lower level and a breakout was seen in  the security. After a breakout a throwback is seen in the security. At the breakout zone any positive candle will be a buying opportunity for the security.

The security target is expected to be 50-70 points. The security is trading just below the faster EMA expecting the security to take support at the slower EMA.

DMI+ is trading above DMI- indicating positive trend and ADX above the DMIs indicates strength in the direction.

Buying opportunity after retracement

Aug 21 2022