INOX GREEN at the Pull Back Support OR Retest Level.Pullback and retest entry levels are price action strategies where traders wait for the market to return to a broken support/resistance zone before entering. This helps confirm the breakout, avoid false signals, and secure higher-probability entries
🔑 Understanding Pullback vs. Retest
Pullback Entry
1. Occurs when price breaks out of a level and then retraces back toward the breakout zone.
2. Traders enter once the pullback shows signs of continuation (e.g., bullish candles after retesting support).
3. Advantage: Better risk-to-reward ratio since entry is closer to support/resistance.
Retest Entry
1. Happens when price breaks a level and then tests the same level again to confirm it as support/resistance.
2. Traders wait for confirmation (e.g., rejection wicks, volume surge) before entering.
3. Advantage: Higher probability of success since the market validates the breakout.
🧠 Practical Tips for Traders
Wait for confirmation: Don’t jump in on the first breakout candle. False breakouts are common.
Use multiple timeframes: A retest on the 1-hour chart may look like a pullback on the 15-min chart.
Combine with indicators: Volume spikes, RSI divergence, or moving averages can strengthen entry signals.
Set clear invalidation levels: Place stop-loss just beyond the retest zone to minimize risk.
Patience is key: The best entries often come after the market “proves” itself twice.
🎯 Live Example Scenario
In INOXGREEN weekly chart below stock is currently trading at Rs. 200.00 (A earliere neckline breakout of Inverted Head & Shoulder Patter OR simply say earlier resistance breakout levels.)
Stock after neckline / resistance breakout rallied as per pattern process and now retraced / corrected back to its breakout levels now so called resistance turned support levels.
Stock has seen a weekly rejection candle ( last week) exactly near resistance turned support levels showing some signs of bullish activity indicating support & a perfect textbook example to BUY a valid resistance turned support stock.
Stop Loss in such cases are very close offering a low risk high reward ratio.
This strategy example can be used in any stock for any timeframe (Equity / Commodity / Currency / Crypto, etc) based on the theory of Technical Analysis.
Above is just a perfect textbook example on live chart. Same can be applied and tested by traders for their use. (Back testing is important for traders as per timeframes)
