This chart shows the consolidation face of AJANTA PHARMA after a power move. So we expect another power move if it brakes the current resistance level.
Beware : Please keep in mind and stay away from False Breakout Traps.
Also this is not any recommendation. Trade at your own risk.
- Wait for the breakout.
- Confirm it is clear breakout with volume.
- Buy with the help of technical indicators like macd, moving average, pivot points etc
- Or you could wait for a retracement and buy at retracement (if it happens)
Beware : Please keep in mind and stay away from False Breakout Traps.
Also this is not any recommendation. Trade at your own risk.
Commento:
Please also note that this is an NR7 Candidate. So take entry accordingly
Trade chiuso: obiettivo raggiunto:
clear breakout followed by a retracement. retracement at support that previosly acted as support. this retracement will have a lot of buying opurtuinities i guess