Long : Ascending Scallop Breakout
Updated
The stock has formed a beautiful Ascending Scallops pattern and closed above the pattern High yesterday thus triggered the buy signal. The patterns is very reliable so one can take advantage of it. One can expect the target of above 145. Theoretically one should provide the stop loss below 124 on closing basis however I would trade it with Stop loss of 127. One can decide it depending as per their risk taking apatite.
Trade active
Entered today as the theoretical Stop loss is affordable to me. Finger crossed !
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