This chart is an example of triangular breakout. Such breakouts can give huge potential gains. In this chart the stock
TCIEXP
can move by 100 points. One must keep stop loss at 745. Target could be 800/825/860.
Disclaimer:
Futures, stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures, stocks and options may fluctuate, and, as a result, clients may lose more than their original investment. The impact of seasonal and geopolitical events is already factored into market prices. The highly leveraged nature of futures trading means that small market movements will have a great impact on your trading account and this can work against you, leading to large losses or can work for you, leading to large gains. I am not a SEBI registered advisor.
TCIEXP
can move by 100 points. One must keep stop loss at 745. Target could be 800/825/860. Disclaimer:
Futures, stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures, stocks and options may fluctuate, and, as a result, clients may lose more than their original investment. The impact of seasonal and geopolitical events is already factored into market prices. The highly leveraged nature of futures trading means that small market movements will have a great impact on your trading account and this can work against you, leading to large losses or can work for you, leading to large gains. I am not a SEBI registered advisor.