Trendline breakout after 4 years. Good buy after retracement to 252
T1:280- Holding period: Short term
T2:313- Holding period: Medium term
Note: This is for educational purpose only
The counter is showing wild moves to either side.
4h chart and daily chart showing opposite trends
Not adviced to trade in the counter as of now....hold horses
its been broken the long term downtrend and form new higher high and higher lower, obivousoly it is in an uptrend and its target will be 400 for short term trade and stop loss will be 190
Price got rejected from monthly supply zone and it has retested the new support zone and has bounce with a positive movement the price can move upwards till monthly supply zone again.. Try to find an entry at lower time frame ..before taking any trade do your own analysis.
INDUSTOWER | Comfortably staying above Swinghigh and Trendline. Looks good for 35%
CMP : 254
SL : 230
Target : 340
Almost 1:4 risk reward setup
courtesy thanks to Ravichandra, he was the one forcing me to track this chart all the time :D
big player are active and accumulated around 216
+ trend line breakout and successful retest
probably 40% upside is safe tgt
SL below 216 daily candle close
more than 1:4 RR
