Technical picture -
Trade set up -
Go long, keep a stop loss of breakout candle low and is has potential to touch previous high. Once can book some profit there is trail their stop losses according to an individuals risk appetite.
If this chart touches the previous high then a big rounding bottom formation will complete that pattern will have potential to give another 100-150 rs target on top of it.
- Stock gave a breakout from triangle pattern.
Correction came in market and stock price retested twice but was unable to close below the breakout candle low.
Trade set up -
Go long, keep a stop loss of breakout candle low and is has potential to touch previous high. Once can book some profit there is trail their stop losses according to an individuals risk appetite.
If this chart touches the previous high then a big rounding bottom formation will complete that pattern will have potential to give another 100-150 rs target on top of it.