Multi year Breakout
I just come across this while random scanning.
Yearly breakout usually sustains.
Hence any retest could provide a good Risk Reward entry & a weekly closing above 240 could become a great confirmation for upward move.
P.S. : I'm personally not taking any new position without having conviction in its fundamentals. & also, Nifty is in bit of correction phase thus being cautious needed ..!! :)
Disclosure: Just for learning.
Yearly breakout usually sustains.
Hence any retest could provide a good Risk Reward entry & a weekly closing above 240 could become a great confirmation for upward move.
P.S. : I'm personally not taking any new position without having conviction in its fundamentals. & also, Nifty is in bit of correction phase thus being cautious needed ..!! :)
Disclosure: Just for learning.
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