The price approaches a resistance level, we have two potential scenarios: if it breaks through the level convincingly, it could signal a bullish opportunity for a long trade. However, if we observe a rejection candle forming at that resistance, it might indicate a potential reversal and a forthcoming decline in price.
After a weekly breakout price came back to retesting level and formed a engulf candle , place stop loss below the engulf candle and exit with good RRR .
There's a rejection at support level ,but the nifty is falling so better to wait for the proper confirmation.
such a good weekly trend line breakout which has been forming since 2017 Best time to enter trade or else wait for the price to retest The 1st target is @325 which has a previous resistance and 2nd target is @470