HEAD AND SHOULDER PATTERN BREAKOUT and RETEST with quite good VOLUME can be seen in AMARA RAJA BATTERIES. Price rejection from the lower levels/RETEST/PULLBACK ZONE can also be seen in 1 DAY timeframe chart. Continuation of Higher Highs and Higher Lows formation can also be seen in chart. Would suggest to go long at CMP for the target of 813.80 with the strict Stop-loss of 740 level (only on candle closing below basis. consider exiting only if 1d candle manages to close below the 740 level.)
THIS VIEW OF MINE IS PURELY BASED ON TECHNIAL CHART AND FOR EDUCATIONAL PURPOSE ONLY, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT OR PARTICULAR STOCK/SECURITY.
THIS VIEW OF MINE IS PURELY BASED ON TECHNIAL CHART AND FOR EDUCATIONAL PURPOSE ONLY, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT OR PARTICULAR STOCK/SECURITY.
Trade stängt: Stopp nått:
This trade gave many things to learn, one of them is that avoid fresh entry if market is at peak high/on top.
our stoploss hit in this market correction.
our stoploss hit in this market correction.
