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stockkar
Aug 3, 2021 6:54 PM

wait for ascending triangle breakout Long

CHAMBAL FERTILISERNSE

Description

buy above 322 for swing/intraday
for swing stoploss at 300


For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.

Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis

NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.


Comments
Balachandrareddy
after seeing such a long rejection wick think before gng long for it even its looks good
Abhishek_TradersSin
Perfect example of RSI Divergence, volumes drying up. Avoid long !!
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