Chart itself break the support line and now cosolidate on that area. So if market again break the support line on upside and stay there for at least two trading session and then showing a bullish candle then you can take long position or buy it.
And if you have existing position then kindly use the stop loss below the support line and if today market itself...
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Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
1. On WEEKLY/DAILY time frame it is clearly an UPTREND
2. Currently its in RETRACEMENT MOVE.
3. RETRACEMENT MOVE got rejected at 61% FIB
4. At 61% FIB :- Previous RESISTANCE becomes SUPPORT
5. Aslo BULLISH PENANT pattern can be observed
Thus a breakout either of PEANANT PATTERN or 51%FIB or takings SUPPORT either at 50%FIB or 61%FIB would be a good sign of...
This scrip is in an uptrend since its listing by making HH and HL, recently it had a multi-year breakout from the channel pattern and now it had restested it and bounced back from it. Swing traders may consider to long this scrip and i expect a good rally from this scrip in coming days, there may be small pullback but I'm bullish about for a longer term.
I will look at buying FORTIS because :
It has broken the Resistance.
Its back to its resistance and we can see big move upwards soon
Entry : 232
Target : 300+
Stop loss : 211
This script has broken its resistance line with huge volume ,it was in the channel region for almost 12 years finally it had broken out of the resistance ,it seems to be a nice breakout.
