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nairraj22
Oct 20, 2018 8:44 AM

Sunpharmar at double bottom 

SUN PHARMACEUTICALNSE

Description

Resistance at 609 and support at 590.30
Buy above 612 and sell below 590.
educational purpose only
Comments
nairraj22
buying above resistance would be the confirmation that breakout has happened and resistance has broken.This is not gambling. If you see closely it has formed INSIDE CANDLE as well.so trend may change.

dhanerwal
I did not understand your trade. If Resistance is at 609, you are still asking to buy at that point. That point should attract more seller. A resistance or support is supposed to be broken only if consecutive candles closes above it. But you are just gambling on it. So, wrong way to interoperate above trade.
nairraj22
@dhanerwal,
buying above resistance would be the confirmation that breakout has happened and resistance has broken.This is not gambling. If you see closely it has formed INSIDE CANDLE as well.so trend may change.
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