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FAHEEMSAM

AMARAJABAT - SYMMETRICAL TRIANGLE

FAHEEMSAM Updated   
NSE:AMARAJABAT   None
Trend Analysis Chart Patterns Wave Analysis AMARAJABAT consolidation-breakout Bullish Patterns Bearish Patterns Symmetrical Triangle august 2020
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trendanalysis chartpattern waveanalysis amarajabat consolidation-breakout bullish bearish symmetricaltriangle august 2020
This chart shows the consolidation of AMARAJABAT since the start of this month (august). So we expect either an up or downward move one it breaks the pattern.

  • Wait for the breakout.
  • Confirm it is clear breakout with volume .
  • Buy with the help of technical indicators like macd , moving average, pivot points etc
  • Or you could wait for a retracement and buy at retracement (if it happens)

Beware : Please keep in mind and stay away from False Breakout Traps.
Also this is not any recommendation. Trade at your own risk.
Trade closed: target reached:
what do you expect the market to give you, a false breakout did happen. but we could have easily re-entered the market and recovered the loss and book some profit.
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