IREDA BREAKOUT WITH CLASSICAL ASCENDING PATTERN

Jul 7, 2024

Neat And Clear Breakout of Ascending triangle pattern on IREDA chart on weekly basis . The Risk to reward is mentioned on the chart {1:2} ratio . The trendline with an angle of 45 degree gives more probability on the buying side , the buyers are looking more stronger with respect to the trendline, where the price is taking multiple support from the trendline is a perfect example of strong hands sitting on these levels . Recently the resistance zone has broken and Stoploss has been triggered for the sellers ,where they have to close there position which leads to bullish momentum.
HAPPY TRADING (:

Jul 12, 2024

Trade closed: target reached

Target Hit , Who ever has short term view can book , others bring SL cost to cost