Trade rationale

Bollinger band

Entry: 853 Target : 889 (50 ema) SL= 817 Combination of bollinger band and moving average and two bar candlestick patterns. Prices took support at 200 ema and lower bollinger band at the same time , bullish harami is formed at the bottom near 200 ema. first target will be 50 ema which is coinciding with 1:1 risk to reward ratio. 20 sma in bollinger band might act as a resistance , if it takes resistance then will exit the trade. closed the trade as entry not triggered and prices moved further on the downside