Breakout-Ideas

Wedge Pattern And Trendline Breakout

Long
Breakout-Ideas Updated   
NSE:ASHOKLEY   ASHOK LEYLAND
Today i picked Ashok Leyland because, it broken trendline resistance on closing basis. The following factors are considered by me for picking this.

1. Wedge Pattern Breakout
2. Price Growing with Huge Volumes
3. Huge Long position in Futures

For BTST trades Keep profit as 2% - 3%

Keep SL and Target profits mentioned on the chart for short term swing trades.

Please consider these for educational purposes
Trade closed: target reached:
I exited with profit in respective to BTST

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.