LLOYDSME – Breakout Retest with 21 EMA Confluence

Jul 27

As part of my personal trading strategy, I am closely watching LLOYDSME, which is currently retesting a recent breakout zone and hovering near a key support level. This area also coincides with the 21 EMA on the daily chart, adding to the technical confluence.

I am considering a long position if the price action confirms support at this level, in line with my predefined risk management rules. From my perspective, the current chart structure offers a potentially favorable risk-reward setup, with scope for upward movement if the retest holds.


Disclaimer
This analysis reflects my personal views and is shared for educational and informational purposes only. It does not constitute investment advice or a recommendation. I am not a SEBI-registered investment advisor. Please consult a qualified financial advisor and do your own due diligence before making any investment decisions.

Jul 30

Trade active

Trade is active as it took support in the box and moving up towards target

Aug 8

Trade closed: stop reached

Stop loss has been hit due to weak market, trade closed and i have also exited