Price breaks 2 years of resistance ( 1000 levels ) finally and closed above 1060 resistance levels. Now we can expect the price to move on to 1180 resistance level and consolidate there.
In the pic you can clearly see the retest levels, here if you look into it price before this break out it actually breaks 1000 levels but unable to sustain and reached the support level once again this is where one can enter long trade. But every time one cannot expect this move, when it happens don't miss it is the point here :)
I have buy Lupin @ 1011, please share your view, should i hold or exit....Thanks
Tradersasi23
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@shekharshukla22, You can very well hold, dont try to average your position. Always enter at the support !!
shekharshukla22
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@Tradersasi23, Thank you so much for your advice.....earlier i was in loss, now exit with some profit
Tradersasi23
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@shekharshukla22, You are welcome, always try entering at the support to increase your profit and decrease your tension !! :)
shekharshukla22
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@Tradersasi23, Agree :-) will make a note & made a wrong entry din't check the weekly time frame....Once again thanks.....Now expecting some correction in a week or 2 week time in Nifty