The stock has given a breakout from daily resistance today with a good candle.
Keep in watchlist for going long.
Keep in watchlist for going long.
Note
23 Mar : Staying above the line. Longs can be initiated above 1097 , the previous high with tight SL. If it isnt a legit breakout, we don't hope , we get out with minimal loss. Sometimes breakouts are choppy, so better get chopped just by a few points and move on to other opportunities.Note
Made a high of just above 1097, 1098 and then reversed. Thereby failing Long opportunities. Praveen Sir has posted a nice chart for going short. You can look at that in related ideas.Note
Candle high below blue line. Weak.
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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.