RETAIL CHAIN STOCK
buying happening near 200 MA on daily time frame. it retest its support.
Resistance may became support now.
it will be a gud buy if daily candle crosses 243.
sl will be 230
very low risk trade.
Took paper trade as per the simply break and retest setup. took PT; RR 1:2.5.
Please check analyze and comment with your own analysis and opinion on the same.
Take the trade as per your risk apatite.
I'm a stock market learner. Please comment with your thoughts/opinion on this.
VCP characteristics
Note the dry up in volume on the right hand side
Trading above key moving averages
Entry at 1162 with 10% position size
Stop at 1116.5
Publishing for my own reference, not an investment/trading advice.
Trading near breakout levels
Script shall give a breakout soon, Weekly closing above 365-370 with good volues would confirm
Keep close watch on daily/hourly volume buildup to catch it on time
