#HCC long trade idea setup 22/11/23
Greetings Folks,
today I have prepared a setup of HCC on NSE
the analysis is as follows-
- the price is on a good bullish trend with efficient price action
- price is currently forming a triangle pattern
- the trendline has been tested 3 times earlier
- the price also tried to break out the equal high static resistance but failed with a wick only
- now if momentum and volume adds up, the price can break past this resistance
don't play with fire, always use a predefined stoploss
today I have prepared a setup of HCC on NSE
the analysis is as follows-
- the price is on a good bullish trend with efficient price action
- price is currently forming a triangle pattern
- the trendline has been tested 3 times earlier
- the price also tried to break out the equal high static resistance but failed with a wick only
- now if momentum and volume adds up, the price can break past this resistance
don't play with fire, always use a predefined stoploss
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