Nippon LIAM setting up again after Breakout-Pullback. Watch!
Breakout from Previous Resistance of 739 with Huge volume and Wide Range Candle on 10 Dec 2024...
🟢Pulled Back/Retested on the back of low volumes.
🟢Setting up again with a wide range/Bullish Engulfing Candle.
🟢Forming a VCP on DTF.
🟢Apt for building positions than short-term trade in my opinion.
▶️Entry-772.5
▶️SL 668.4(13.3%)
▶️Target 1 - 817
▶️Target 2 878
📢 This is for educational purposes only. Trade responsibly. The market trend is not clear yet. Risk Management Rules are extremely important. Kindly do your due diligence and do not rush into a trade without understanding.
#Trading #TechnicalAnalysis #NipponLife #StockMarket
🟢Pulled Back/Retested on the back of low volumes.
🟢Setting up again with a wide range/Bullish Engulfing Candle.
🟢Forming a VCP on DTF.
🟢Apt for building positions than short-term trade in my opinion.
▶️Entry-772.5
▶️SL 668.4(13.3%)
▶️Target 1 - 817
▶️Target 2 878
📢 This is for educational purposes only. Trade responsibly. The market trend is not clear yet. Risk Management Rules are extremely important. Kindly do your due diligence and do not rush into a trade without understanding.
#Trading #TechnicalAnalysis #NipponLife #StockMarket
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