Godrej Properties - Triangle Breakout + Volume expansion Long

GODREJ PROPERTIESNSE

Description

⋅ Jul 6, 2021 2:54 AM

Key Highlights:

1. Bullish market structure
2. Falling wedge pattern
3. Trendline breakout
4. Triangle breakout
5. Volume expansion
6. Target: 1527, 1600

You are always advised to use an appropriate Risk-Reward ratio as per your strategy.

P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

Trade closed: target reached

⋅ Jul 21, 2021 1:38 AM

Both targets were reached. ✅✅

Comments

ramparaskar

⋅ Jul 6, 2021 4:49 PM

I also feel that there's a cup with handle pattern.
Correct me if i'm wrong.

johntradingwick

⋅ Jul 7, 2021 2:18 PM

@ramparaskar, Hi. There is no cup & handle pattern because the prior trend is bearish. The cup and handle pattern is a bullish continuation pattern, which means the prior trend should be bullish. I hope that helps.

ramparaskar

⋅ Jul 7, 2021 2:57 PM

@johntradingwick, ohh... That's insightful. Thanks!

johntradingwick

⋅ Jul 7, 2021 4:08 PM

@ramparaskar, No worries, buddy :)