WALCHANDNAGAR - This Breakout & Retest Setup Looks Interesting!
⚡Price Analysis & Overview:
1️⃣ Classic BO & RT setup.
2️⃣ Price is breaking the trendline w/ good strength.
3️⃣ Price bouncing from EMAs.
4️⃣ Made double bottom on lower tf.
5️⃣Volumes looks decent.
✨ My Personal Views:
➡️ RRR is okay, SL is slightly on the higher side.
➡️ 15% SL w/ 1:2 RRR
➡️ Expecting strong weekly candle closing for fast momentum.
MTF:
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 Drop your thoughts below in the comments section if you liked this analysis!✌️
🔥Happy trading!✅🚀
1️⃣ Classic BO & RT setup.
2️⃣ Price is breaking the trendline w/ good strength.
3️⃣ Price bouncing from EMAs.
4️⃣ Made double bottom on lower tf.
5️⃣Volumes looks decent.
✨ My Personal Views:
➡️ RRR is okay, SL is slightly on the higher side.
➡️ 15% SL w/ 1:2 RRR
➡️ Expecting strong weekly candle closing for fast momentum.
MTF:
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 Drop your thoughts below in the comments section if you liked this analysis!✌️
🔥Happy trading!✅🚀
Trade active
❇️ Expecting a strong break to continue move higher. It has given a good amount of time and space for accumulation. 🧿
Trade closed: stop reached
Weakness in the prices, it might come down deeper and then maybe show some strength. For now, bearish!
Anubrata Ray ⚡
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Anubrata Ray ⚡
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.