Hi Traders,
This stock has broken the weekly trendline. The price is now trading inside the golden zone. There can be a retracement back to the weekly trendline.
We can safely trade this retracement only if price forms a reversal chart pattern at this golden zone.
If the price close above 172.70 can change the outlook of this counter to bullish. Because there is possibility that price can move in range within the goldenzone and 172.70 or the weekly trendline.
For queries feel free to comment and like.
Happy Trading.....
This stock has broken the weekly trendline. The price is now trading inside the golden zone. There can be a retracement back to the weekly trendline.
We can safely trade this retracement only if price forms a reversal chart pattern at this golden zone.
If the price close above 172.70 can change the outlook of this counter to bullish. Because there is possibility that price can move in range within the goldenzone and 172.70 or the weekly trendline.
For queries feel free to comment and like.
Happy Trading.....