anaida_sultana

Breakout and retest strategy for Crompton

Long
NSE:CROMPTON   CROMPTON GREAVES C
As per the chart and markings you can clearly see that after the breakout from the channel and two retests we can easily see a strong bullish candle taking support at the resistance level of the channel in the hourly chart. It looks like a promising set up to long to see 1:2 risk to reward worth of profit.

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