praveen.bhatiya
Long

Ajanta Pharma LONG Descending Triangle

NSE:AJANTPHARM   AJANTA PHARMA
Nicely formed Descending Triangle has given breakout today. Action Reaction method of Andrews suggest that price can easily reach 1970 - 2000 in coming days. Stop Loss 1780. Good Risk to reward ratio.
Trade active: Trade Entry long @ 1791.
i feel u r suggesting 1680
Reply
praveen.bhatiya sethuramcbe
@sethuramcbe, It seems a false breakout as it did on 24.01.17. For a valid breakout price should close out of the pattern. Why I posted early so that people can prepare and take timely action. If it closes out of the pattern Long trade could be initiated and the low of this bar should work as Stop Loss.
Reply
is stop loss 1780
Reply
praveen.bhatiya sethuramcbe
@sethuramcbe, It has finally taken the direction after initial hiccups so I am long in the trade @ 1791.
Reply
English (IN)
English
English (UK)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out