Care Rating- Triple R Concept (Rise- Retest - Rise)
Hello Folks First of all Sorry for not posting anything.
Now I am back and I will be back with a bang.
Let's begin then.
I have shared this chart when it was trying to break out from a W Pattern.
Not what has happened is it broke and it came perfectly back to its breakout level.
A perfect example of resistance turning into support
More interestingly downward sloping EMA which now converted into upward rising EMA and price has taken support exactly at 200 EMA+ Breakout level.
Price action chart for the same is attached:-
We can also draw a trendline from top and wait for that to break for a rise again.
so for now Close above 500 will certainly give this stock wings.
Cheers folks and Happy Trading.
Now I am back and I will be back with a bang.
Let's begin then.
I have shared this chart when it was trying to break out from a W Pattern.
Not what has happened is it broke and it came perfectly back to its breakout level.
A perfect example of resistance turning into support
More interestingly downward sloping EMA which now converted into upward rising EMA and price has taken support exactly at 200 EMA+ Breakout level.
Price action chart for the same is attached:-
We can also draw a trendline from top and wait for that to break for a rise again.
so for now Close above 500 will certainly give this stock wings.
Cheers folks and Happy Trading.
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