Price after a big bull ride, breaking from the symmetric triangle and taking support from the channel bottom is in a consolidation phase at present.
Now price is forming a Flag pattern and only thing is we have to enter long after confirming the break. If you are aggressive trader then go long when price takes support from the Flag bottom with minimum stop loss.
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Took support from the channel bottom and shooting up as per the pattern. Enjoy the profits.
now price break the triangle pattern and trading near the resistance
Tradersasi23
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rvverma19
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Sir I am holding call of 73 with loss 10600 approx. What to do next exit or wait this week.
shitalpatil121987
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I am holding ashokley CE with loss , can I hold it till next week for recovery
Tradersasi23
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@shitalpatil121987, What is the CE you are holding? Options is always under the risk of premium. Trade in cash market with small small quantities.
naveen_kumar_PS
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@Tradersasi23 sir i have a doubt.is it okay to cut through the candles while drawing the trendlines {if the support and resistance is very distinctive} and also which is an appropriate trend angle?
if you have any suggestions to this pls let me know sir
Tradersasi23
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@naveen_kumar_PS, Cutting in the middle of a candle is not a good sign unless until if it is a fake out from the pattern.