The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 3:1 SL is placed below support zone & the lower trendline. The target is placed near resistance.
Doesn't it look more like breakdown of the structure?
tradewidmufeeth
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@VivekGolchha, Markets are consolidating for sometime, acc to me when it breaks out; This stock may give good returns in short term with a good risk reward ratio.
Please dont take this as a trade call, Just for Educational Purposes Only.
Thanks for Giving Out Your View Here, Always ready to correct my mistakes brother :)