The stock of Hercules Hoists had ended near the RESISTANCE ZONE as of 23 Nov 2023.
However, couldn't sustain it.
So what now? We should wait for the CONFIRMATION CANDLE - which will be the candle that should close above the resistance or last high. In this case it should close above 371 on daily time frame.
I used Fibbonachi Retracement for Stoploss and Targets. See and study it for better understanding.
Aur agar kisi ko kuchh puchhna ho ya stock market ka course karna ho to aao 8800611235 par.
- TrendX Institute Of Technical Analysis
#BreakoutStock #TradingStrategies #StockMarket
However, couldn't sustain it.
So what now? We should wait for the CONFIRMATION CANDLE - which will be the candle that should close above the resistance or last high. In this case it should close above 371 on daily time frame.
I used Fibbonachi Retracement for Stoploss and Targets. See and study it for better understanding.
Aur agar kisi ko kuchh puchhna ho ya stock market ka course karna ho to aao 8800611235 par.
- TrendX Institute Of Technical Analysis
#BreakoutStock #TradingStrategies #StockMarket
