It is been observed that the price action has previously breaks out from a channel and then retrace back to the previous channel trend line, forming a V shaped signaling completion of retracement and now the price action shall further move down toward 340 target levels decided on the facts: 1. Measurement of the breakout channel and 2. Previous Resistance levels now shall act as support levels.
Risk/Reward: 1/5
Target1: 342 Stoploss: 381
Trade geschlossen: Ziel wurde erreicht
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Target reached yesterday.
Trade ist aktiv
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Targets of JSW steel was achieved yesterday and now it is in progress to achieve targets.
Well drawn trendline, If it takes support on that marked Green Line then it will go up after touching but once it breaches out 355 levels it shall surely touch 342 levels.
SatyamMishra
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@NeeteshJain, I think it hits the sl why are you mentioning that it hits the target