Trade Setup – JKPAPER, GRSE & UFLEX

In the previous idea, we had traded the impulse wave after the completion breakout of the wave B. Short-term targets were achieved.

Visit here: NSE JKPAPER – Forecasting an Impulsive Pattern

NSE GRSE – Bullish Structure

NSE GRSE has broken out the 20/50/100/200 Exponential moving average. The RSI of the price is 57.7, and the ATR is 48.04. Raising ATR and RSI shows bullish momentum.

Note that, 823 is a crucial intraday level. If the price breaks out 823, traders can trade for the following targets: 860 – 890 – 915. Free subscribers can take the previous day’s low as an invalidation level.

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NSE UFLEX – Flag Breakout

NSE UFLEX has formed a flag pattern in which the flag’s pole has good volume and low volume on the flag in a corrective structure. After the breakout of the trend line, and volume again started rising.

200 EMA is at the middle of the recent candle. If the price sustains above 460, traders can trade for the following targets: 482 – 509 – 536+. Free subscribers can take the previous day’s low as an invalidation level.

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Premium subscribers will get trade setup with entry, exit and invalidation level.