Sail had given breakout from it's parallel channel few days back. Today it tested the support. This gives a long opportunity in this scrip, but wait there is this weekly resistance line too. In coming day's it will try to test the weekly resistance again, and if it breaks out, you know the rule. A good long opportunity will come after this weekly resistance line is broken out, and then retested. That's when this scrip will have my blessings.
For explanation of breakout and retest look at the chart. This is charting behavior of scrip movement. Apply it on your trading journey/system.
Disclaimer: For educational purpose.
If you liked the content. Follow, share, and keep me motivated.
For explanation of breakout and retest look at the chart. This is charting behavior of scrip movement. Apply it on your trading journey/system.
Disclaimer: For educational purpose.
If you liked the content. Follow, share, and keep me motivated.