Finolex consolidation breakout
Updated
Very high probability upswing of +20% possible. Following are technical reasons
1. Made good double bottom at weekly 200ma
2. Good support at 50ema (there is tendency to respect 50ema)
3. Also took support at 155 which was earlier resistance.
4. Now we see it breaking out of consolidation.
Target 205 and 230 possible SL can be at 155.
1. Made good double bottom at weekly 200ma
2. Good support at 50ema (there is tendency to respect 50ema)
3. Also took support at 155 which was earlier resistance.
4. Now we see it breaking out of consolidation.
Target 205 and 230 possible SL can be at 155.
Trade active
SL 161Note
205 done heading 230Trade closed: target reached
229.9 Achieved...!
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