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Follow these three rules to take a trade :
1. It should break the ongoing triangle pattern .
2. The breaking candle should have high volume .
3. There should be a retest.
4. Take the entry at the second green candle after retest.
Do comment if you have any other doubts as well.
1. It should break the ongoing triangle pattern .
2. The breaking candle should have high volume .
3. There should be a retest.
4. Take the entry at the second green candle after retest.
Do comment if you have any other doubts as well.
Comment:
It has broken downside. Good position to short if it gives a green candle last kiss
Comments
@Parasaran, considering a loss of 20% you should exit at 400 levels
Reply
@Parasaran, If you are a trader i think you'll find better stocks. But if you're an investor this stock is highly undervalued. Accumulate more and average you're price.
Reply
