#IRFC breakout trade setup (17/07/2024)
Greetings Folks,
today I have prepared a setup of
IRFC on NSE
the analysis is as follows-
- the price has reached the 50% retracement again
- the textbook knowledge is the more the support gets tested the more weaker it gets, same applies with resistance
- please consider the trap mentality of money makers as the volume in the stock is low and the stock is not necessarily bearish, stay alert if u plan to short
- i have chosen small targets regarding the upcoming pre budget volatility
don't play with fire, always use a predefined stop loss
today I have prepared a setup of
IRFC on NSEthe analysis is as follows-
- the price has reached the 50% retracement again
- the textbook knowledge is the more the support gets tested the more weaker it gets, same applies with resistance
- please consider the trap mentality of money makers as the volume in the stock is low and the stock is not necessarily bearish, stay alert if u plan to short
- i have chosen small targets regarding the upcoming pre budget volatility
don't play with fire, always use a predefined stop loss
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.