Resistance turned support
The earlier resistance the stock faced has now become the support after the breakout. A perfect textbook example to learn resistance and support. Can be bought for a target of 1850. CMP-1699. SL can be 1620 on a closing basis. A 2:1 risk-reward ratio. It is a fundamentally good stock as well.
Please like and follow!
Happy Trading :)
Please like and follow!
Happy Trading :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.