TWO SUPPORTS WITH RED LINE ARE SHOWN ONCE BROKEN ON CANDLE CLOSING BASIS GO SHORT FINAL TARGET ALSO GIVEN WHICH IS NEAR LONG TERM TRENDLINE IT WILL BE THE BEST PRICE FOR INVESTMENTS ALSO STOCK MIGHT TAKE SUPPORT AT FIRST RED LINE GOOD LUCK
NOTE: TRADE AT YOUR OWN RISK
HINDUNILVR POTENTIAL BULLISH
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
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Stock has broken out of a 2 YEAR consolidation phase (range) with great momentum.
Looks like its read for a pullback/retest of previous resistance/new support.
This new support matches with the 61.8 retracement level, which is also where generally reversal happens.
Lets see how it turns out to be. If the stock makes a new high: go long, and cover short if you short now.