BREAKOUT AND RETEST - CLASSICAL PATTERN

2020年8月13日

The classical breakout and retest pattern has been observed in the stock. The breakout was accompanied by high volumes and RSI in strength. Pattern would only be confirmed once it crosses 205 levels and one can definitely see for a long position for a short to mid term view. Strength in bank nifty in last few sessions could be good supporting factor. Wait for a right price action before entering.

Good support: 200

Disclaimer: Take this view only for educational purpose. Trade on your own risk.

Happy trading. Happy Investing!