#11,BHARATFORGE (Confluence Breakout)
Updated
Reasons to BUY:
Enter when the price breaks the confluence point.
Exit when the price breaks down the support trend line ( green Line)
Educational Purpose! Trade with proper risk management!
- Good Volume
- Formation of Inverted Head & Shoulders
- Price is heading towards the Resistance of Parallel Channel of Daily TimeFrame
- The chart looks attractive with the confluence point
- Relative Strength is above 60
Enter when the price breaks the confluence point.
Exit when the price breaks down the support trend line ( green Line)
Educational Purpose! Trade with proper risk management!
Order cancelled
Confluence Point did not break. Wait for the resistance trendline (Red Line) to break in case you want to enter into this stock.
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