psumita108

DMART- Breakout

Long
psumita108 Updated   
NSE:DMART   AVENUE SUPERMARTS
Monday is going to be decisive day for confirming this breakout which is a weekly breakout and which are more reliable than daily breakout. The closing was above the break even point so we'll have to wait for the opening of the script to remain above the resistance line to look for a new one and turns this resistance point into a new support line.Do apply requisite SL to avoid whipsaw.

SL-3164 insinuated by EMA-22

more details will be updated soon....
Comment:
resistance has turned into new support so use trailing SL accordingly to avoid any whipsaw. more details will be updated after studying more about the patterns. Stay on
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