EVERESTIND - Retest of breakout - low risk and high reward trade
Updated
EVERESTIND stock fell from its all-time highs and is currently trading near very strong support; trend is positive.
Because the stock has fallen sharply, wait for some evidence of strength before entering a trade. Do not enter a trade if you have not identified any signs of strength.
This trade can be viewed as a retest of a breakout; it will be low risk and high reward trade.
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Because the stock has fallen sharply, wait for some evidence of strength before entering a trade. Do not enter a trade if you have not identified any signs of strength.
This trade can be viewed as a retest of a breakout; it will be low risk and high reward trade.
Please like it if this analysis was helpful to you, follow me for such analysis and share your thoughts in the comment section below.
Thank you
Note
OUR ANALYSIS WAS CORRECT; EVEREST MOVED UPWORD VERY SHARPLY FROM MULTI DEMAND ZONE, AS WE EXPECTED.Note
blasted today, 5% up.
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