Resistance breakout can be seen in Arvind Fashions LTD. 155.20 and 149.95 level was acting as a resistance or we can say supply zone, wait for todays closing, if todays candle closes above the 155.20-149.95 zone, position can be made in last minutes of the market. Would suggest to hold the position with the strict stop-loss of 147 (only on closing below basis.) For the given target of 178 level. The probable movement is shown in the chart (movement may vary).
THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE TECHNICALS OF THE CHART.
THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE TECHNICALS OF THE CHART.
Trading ditutup: target tercapai:
Target has reached in just 3 trading sessions. If todays candle manages to close above 177.75 level entry can be made again. if you're holding any position would suggest to book profits and exit from the trade.
Komentar:
since the candle is trading above the resistance/target level, so now the resistance will act as support level, can be bought only if forms any buying formation on the support level. will update if forms any buying formation in chart.
Komentar:
almost doubled since given the study.
