Is it a fakeout??
Updated
Recently the stock has given a breakout from the ascending triangle. But the breakout did not have a strong volume break or follow through. Hence it moved into the triangle and got support again at the lower ascending trend line. Considering this as a deep pullback test, i will go long above 1120 or at minor support zone of 1100 with a small quantity. Will add further more when it breaks successfully 1155 which is the all time high.
Entry - Around 1090 - 1100 if it gets support from here or above 1120.
SL - 1080
T1 - 1135
T2 - 1145
T3 - 1155
T4 - 1200
For study purpose
Thanks.
Entry - Around 1090 - 1100 if it gets support from here or above 1120.
SL - 1080
T1 - 1135
T2 - 1145
T3 - 1155
T4 - 1200
For study purpose
Thanks.
Trade active
Note
Target 1 and 2 are done by 2nd may.
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