The Security on a daily time frame has closed over a 4-week closing price indicating a 4-week immediate breakout. The breakout is confirming that buyers are interested to buy the stock at the current level.

The Price is trading above Fast(21) and Slow(50) EMA indicating an uptrend. The Slow EMA is trending upside which indicates a positive move in the medium to long term.

RSI is trading with a price confirming the trend is positive.

DMI+ is trading above DMI- which indicates a positive trend, ADX trading above DMI- will indicate strength on the upside move.

Hence Based on the above observation a long position can be created at the current level for a TP of  25200 with a SL of 20750

Buying Opportunity

Jun 15 2023