RECLTD | Trendline Breakout & Retracement with Hammer Pattern 🎯

⭕ Positional Trading opportunity ! Weekly Chart Alert !!!⭕

--Buy Above = 139.30 or CMP
--Target = 157 | 183
--Stop-loss = 128.30
--R:R = 4.12
--Expected Profit = 31 %
--Expected Holding = 1-3 Months only

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⭕Technical Reasons to trade or Strategy applied :- ⭕

1) Longterm Trendline break with volume
2) after breakout retracement is done
3) Hammer pattern formation & now a big momentum is happening
4) Targets are based on resistance levels


Guys check out the related ideas as well, it will work really well GUARANTEED !

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EXIT the stock in CMP as it could move further down so , we'll enter again & i'll Update the same if i gets a good opportunity , thank you !! 😊