The stock broke above the Previous Resistance with a Big Bull Candle with a Huge Volume.
Now It is retracing back to the resistance level which would now work as immediate support
Support levels: 1937-1942
Resistance: 1988 and 2016
Type of Trade: Swing, can covert into positional, as higher timeframes are quite a in sync with short timeframes.
Great Risk Reward
CMP: 1952
Immediate target: 1988 and 2016
Now It is retracing back to the resistance level which would now work as immediate support
Support levels: 1937-1942
Resistance: 1988 and 2016
Type of Trade: Swing, can covert into positional, as higher timeframes are quite a in sync with short timeframes.
Great Risk Reward
CMP: 1952
Immediate target: 1988 and 2016
Trade closed: target reached
Partially closed at first target
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.