This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal.
Swing Trade.
FMGOETZE Broke almost 2 and half year resistance with good volume support and marubozu like candle (with very little wicks) on weekly time frame.
CMP: 368.45
Nearby Resistance is at 410.
Nearby Support is at 315 (Stop loss) also.
Targets will be:
1st Resistance Level where i will book half. (410)
2nd Resistance level 462.
Swing Trade.
FMGOETZE Broke almost 2 and half year resistance with good volume support and marubozu like candle (with very little wicks) on weekly time frame.
CMP: 368.45
Nearby Resistance is at 410.
Nearby Support is at 315 (Stop loss) also.
Targets will be:
1st Resistance Level where i will book half. (410)
2nd Resistance level 462.