The stock has given a good impulse upmove above the resistance level after a long period of consolidation. It is now consolidating at the support level of 17. Looks good for another short run Entry - 19.3 Stop Loss - 17.1 Target 23.2
#JP ASSOCIATES.... The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical...
I expect he will fall to the specified level after reaching the resistance
The price reached the support and then turned back from it and will start to resist
It is centered on an absolutely clear upward trend, preferring after reaching the resistance to open a short position
Upon reaching the resistance line it will descend to support.