7204 was in correction for a while within descending parallel channel.
Take entry now (with aggressive or conservative SL) and ride the trend.
Do proper risk management based on your portfolio and appetite.
- Breakout followed by retest is observed on parallel channel.
- Price has started showing HH, HL formations after
- taking support from horizontal line
- which is also golden pocket fib level.
- A Bullish divergence is also formed.
Take entry now (with aggressive or conservative SL) and ride the trend.
Do proper risk management based on your portfolio and appetite.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.