Wavozen

8345 Triangle breakout

Long
Wavozen Updated   
NSE:MRPL   MANGALORE REF &PET
Reason for long
a) Triangle breakout, but QQE and renko is not supporting: Hence SL compulsory

b) 3 point indications are positive: 3rd point: Rainbow positive: 4th point: Super trend positive and 5th point: super vwap positve (considering flase high as swing high point).

c) consolidation breakout and pull back entry with good risk reward zone.

SL compulsory as indicated in chart
Trade closed: target reached:
6% in single day
Trade closed: target reached

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