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Trend Line Break

Keep a close eye on NATIONAL ALUMINUM.Keep a close track of NATIONALUM because it's close to breaking out. For the past year, the stock has been moving within a supply demand range, forming a rectangle pattern. By Looking at chart, you can see that it has repeatedly reached resistance and then returned to its support level. Today, it has once again reached that resistance level, and it seems likely that it might break the pattern. If it does, we would need to see a relatively large candle followed by Good increased in volume for confirmation. Trade can only initiated when it sustain above the line at 89, We can partially book our profits at 93.35 as first target. We can even go longer after reaching 1st target. Stop Loss at 85. Do prepare your own setup, this was only for Educational purpose.
NSE:NATIONALUM
by BullishLine
Refex Industries - 25% of Upside!Refex Industries opened up with a gap few sessions back. It has created a wedge then, a gap and then a wedge and now a breakout, Can't be strong technically anymore. The price has a potential to move to the upside of 25% straight. PS - I am founder of Tactic, we get you the Trade Ideas of top SEBI registered users across Intraday, BTST & Positional. We are trusted by 1000 users, we will be glad to have you as a user. Do check us out from my bio. Thanks
NSE:REFEXLong
by parvezdosani
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