m_m large cap automobile showing breakout signals at levels of 1332
it has box break out of tgt of
target 1) 1332+119 = 1451
target 2) 1332+238 = 1570
sl is of 70 points ehich is 1332-70 = 1260 on weekly closing basis
we are preempting so keep qautntity low when give close above 1332 for 2 weeks then increase quantity
also we can see on longterm flag and pole breakout
its on longterm basis and can take minimum 6 months for this break out sl will be 1190on weekly closing basis
buy right sit tight
keep position sizing in check
wealth generation takes longterm
it has box break out of tgt of
target 1) 1332+119 = 1451
target 2) 1332+238 = 1570
sl is of 70 points ehich is 1332-70 = 1260 on weekly closing basis
we are preempting so keep qautntity low when give close above 1332 for 2 weeks then increase quantity
also we can see on longterm flag and pole breakout
its on longterm basis and can take minimum 6 months for this break out sl will be 1190on weekly closing basis
buy right sit tight
keep position sizing in check
wealth generation takes longterm
Note
break out has come can come to retest level can add more after confirmation again
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.