7204: Breakout and Retest

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7204 was in correction for a while within descending parallel channel.

  • 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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