TradingView
viswanathreddykurla
Dec 14, 2021 7:45 AM

THIRUMALAI CHEMICALS - Retest Long

THIRUMALAI CHEMNSE

Description

1. Price formed Big Round Bottom pattern from Jan 2018 to Sep 2021
2. Stock rallied 40% after breakout from big round bottom pattern.
3. Price retraced to breakout zone and trading at support.
4. Also, price took support at EMA 20.

Good Opportunity for Swing trade with long setup - good R:R 2.7
Entry: 246-250
Target: 335
SL: 213 (Weekly Closing Basis)
More