stockkar

FACT- Cup and handle breakout with volume

Long
NSE:FACT   FERTILIZERS & CHEM
buy above 148.50 which is bo candle high in Intraday.
for positional buy at cmp and add in dips till 140 stoploss below 120
and Positional Target - 175-180 as per height of pattern.


For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.

Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis

NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.


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.