Buy Bata at Cmp (1615 to 1625) Stoploss of 1560 Target 1760
Its a 4 Hour timeframe so it may take a time to move...it will be medium Term Bet.
Good Risk to reward Trade.
Study: Stock is Trading Near Support Area. Previously Strong Breakout Given from 1610 level with Big Volume..and now Stock is Consolidating in Traingle Shape or Pennant Pattern. +
Stock is consolidating with very low volume ...it may be a bullish sign as per my analysis...+
Noticable thing is whenever green candle is formed, volume is rising and in red candle, volume is decreasing...
Its a 4 Hour timeframe so it may take a time to move...it will be medium Term Bet.
Good Risk to reward Trade.
Study: Stock is Trading Near Support Area. Previously Strong Breakout Given from 1610 level with Big Volume..and now Stock is Consolidating in Traingle Shape or Pennant Pattern. +
Stock is consolidating with very low volume ...it may be a bullish sign as per my analysis...+
Noticable thing is whenever green candle is formed, volume is rising and in red candle, volume is decreasing...
Trade closed: stop reached:
Analysis Failed...Stoploss hit