Engineers India - Breaks Above Strong Resistance

It is been observed on hourly and daily chart that the price action breaks and closes above the important and strong resistance levels of 275-278, indicating a strong buyers dominance and further bullishness ahead. It may correct to 275 levels before it goes up again. Therefore, I would suggest to keep a good eye on price action in order to reduce risk.

Target: 292
Stoploss: 269

Trade chiuso: obiettivo raggiunto:

Opened high and achieved our target successfully. Regards