Description
⋅ Mazagon Dock formed a double bottom but unable to break the resistance zone. Currently it's looking bearish.
Probably it will take support at the demand zone and will retrace after forming triple bottom.
After forming triple bottom, if gives breakout above 270, it will chase for 285-290.
Any suggestions are welcome.
P.S. - This is not a trade recommendation. I am just sharing my personal view. Do your own analysis before taking any trade.
Trade active
⋅ Breakout given with huge volume. Trade activated @270. My first target - 277. SL- 265.
P.S. - This is for educational purpose. Do your own analysis before investing.
Trade closed: stop reached
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