*The Anup Engineering Ltd*
P&F; Formation on Weekly Basis.
Strong Price BreakOut & Sustained.
Vol. Consolidation & Continued BuiltUp.
RSI: 1H >D M
*Trail SL with Upside*
*Book Profit as per Risk Appetite "
Do Your Own Research as well. This is an Opinion.
Happy Investing 😇
Key levels:
Support: 2100
Resistance: 2300 2700 3000
Write-up:
Breakout trading:
1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range.
2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Hi,
This script is making all time high. It is also forming patterns inside pattern. That is inverse head and shoulder inside Cup and handle formation. Whenever there is this scenario where we find nested patterns, it adds more confidence in the script and probability of upmove increases.
Based on the uptrending channel formed and Height of cup in cup and handle...
Hello,
The ANUP ENGINEERING ltd. has given a rounding bottom pattern breakout in the daily time frame.
It can be accumulated between 962 to 914 for a 1st target and the 2nd target of 1111 and 1280 with a stop loss of 830.
phase b seems full of positive cause building...
might be an accumulation, looking at the size of the automatic reaction post selling climax..
should go back down to test supply further
disclaimer... not an investing/trading recommendation
