7204: Breakout and Retest

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.