Tradersasi23

Triangle breakout on cards - 340 target

Long
NSE:EIDPARRY   E.I.D.-PARRY(INDIA
Price gently took support and resistance inside a triangle pattern and breaks the pattern yesterday and reached the resistance. If breaks this levels then it will reach a target of 340 - 350 levels.

The best entry for this kind of trades are triangle support levels, sometimes the buyers after breakout exhaust and give up so that one who entered at breakout have a chance of stop hit.
Comment: As discussed the close was not strong enough and the price got rejected. Now it is about to break. Refer the pic in comment section

Comments

SL kya rhega sir
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entered
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Tradersasi23 GaneshaTrader
@GaneshaTrader, Fine - if price come for retest add some more shares to your position.
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Yes always at support not on breakout
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