Previous 4 week's scenario
Downtrend- Doji - Gap-up and the last one's price didn't take out low of the gap-up candle and closed almost at par with the close of gap-up candle. All in all, a very bullish scenario for upcoming weeks.
Stop at 64.32 (below 64) presents a good R/R ratio. Friday's close gave a good entry to the bulls, one more shakeout on Monday morning would be optimum to load the truck here.
Downtrend- Doji - Gap-up and the last one's price didn't take out low of the gap-up candle and closed almost at par with the close of gap-up candle. All in all, a very bullish scenario for upcoming weeks.
Stop at 64.32 (below 64) presents a good R/R ratio. Friday's close gave a good entry to the bulls, one more shakeout on Monday morning would be optimum to load the truck here.