Nalco Breakout Retest Idea

Hi friends, sharing weekly chart of National aluminum for a breakout retest idea, As it apperas on provided chart that it gives a breakout of rising wedge and a horizontal resistance zone at by the same weekly candle and after this breakout it went well to 98 levels from 88 levels but now after taking resistance from 98 levels it came down again to breakout zone and now bouncing from there, so we can consider it is a retest of breakout for this targets i marked on chart and 85 levels is looking a good support now on weekly chart for this trade friends.

This chart is also giving an example of how a zone which earlier a support later became resistance and after that same zone again became a support.

Daily Chart-:

This is not and trade or investment advice. This idea is meant for learning only.
Best Regards happy trading- Amit

Trade active:

NICE 20 EMA SUPPORT ALSO TAKEN ON WEEKLY CHART WITH PRICE SUPPORT, NOW MOVING UP

Trade active:

AFTER RETEST AND BOUNCE IT CREATED A BASE NEAR TO RISING SUPPORT, IN YESTERDAY SESSION IT RECOVERED WELL AFTER A SELLING SEEMS ON LAST FRIDAY SO SHARING RESISTANCE LEVELS WE CAN SEE SOME INTURUPTIONS THERE BEFORE TARGET.

Trade active:

IN YESTERDAY SESSION MOVED GOOD AND GAINED 2.5% CLOSE ABOVE RESISTANCE MENTION IN UPDATE ABOVE. I ASSUME THAT WE CAN SEE TARGET IN THIS WEEK.

STOP LOSS UPDATE-: WEEKLY CHART
NOW I WILL TAKE STOP LOSS ON MY ENTRY PRICE AND WILL WAIT FOR TARGET

Trade closed: target reached:

TARGET FOR BOUNCE COMPLETE FRIENDS GAINED GOOD, HAPPY THAT TRADE RESPECTED SUPPORT AND RESISTANCE PROPERLY. TARGET RESISTANCE AFTER BOUNCE NOT BREAK SO FAR. WILL ACTIVE TRADE AGAIN AFTER A BREAK OF BOUNCE TARGET RESISTANCE. CHEERS!

Trade closed: target reached:

Target two also complete 88 to 105, seems more upside is remaining but now i am clsoing comletely this publication. Will publish a new idea for national aluminum.