The price broke out of a descending wedge and has retested local support. The support wasn't broken, which indicates a strong presence of buyers. The price is expected to test resistance at 0.24 zone first. If resistance at that point is broken, then there would be a further move to the upside.
Entry: CMP. 0.21
Targets: Short term-0.22-0.24
Mid/Long term-0.26-0.38
SL: 0.197
This setup would be invalidated if the daily candle closes below the support zone.
Entry: CMP. 0.21
Targets: Short term-0.22-0.24
Mid/Long term-0.26-0.38
SL: 0.197
This setup would be invalidated if the daily candle closes below the support zone.