The stock has shown good strength with a steep rising angle.
Now it has come to the level where it will face 2nd resistance ( the 1st one it crossed by a gap up on the second attempt )
Here, again it will face pressure, look out whenever it breaks out convincingly and go long.
Go to lower timeframes if you're a short-term trader.
Now it has come to the level where it will face 2nd resistance ( the 1st one it crossed by a gap up on the second attempt )
Here, again it will face pressure, look out whenever it breaks out convincingly and go long.
Go to lower timeframes if you're a short-term trader.
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A broader look :
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As anticipated yesterday, facing resistance at the blue line.
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23 March : Inside bar Narrow Range 4 Setup : take the direction the candle extremes are broken.
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CMP _ 78.4
Will go long at 78.8
SL - 78.1
Will go long at 78.8
SL - 78.1
