The chart is self explanatory from technical point of view
If you look closely it has completed its fibonacci retracement of 50% and tested 200 ema several times with a breakout in the triangle pattern....The red line below is the stoploss (on closing basis) The breakout may fail from the trendline as the market is weak and a sudden fall shall break the stock and again reach below 5-10% so build positions slowly
FOLLOW me for more such content ahead...Till then,
HAPPY TRADING :)
If you look closely it has completed its fibonacci retracement of 50% and tested 200 ema several times with a breakout in the triangle pattern....The red line below is the stoploss (on closing basis) The breakout may fail from the trendline as the market is weak and a sudden fall shall break the stock and again reach below 5-10% so build positions slowly
FOLLOW me for more such content ahead...Till then,
HAPPY TRADING :)