🔰 Hello my friends, here is the story I see behind this stock: ⭐It's trading on all-time highs, the best thing is it has broken its Monthly resistance and now trading on it making a bullish ascending pattern = a really bullish sign :) ⭐A break from trendline = SL and but don't go short :) ⭐Pattern: ascending triangle
🔰Am I taking this trade: No---Reason: Already in the trades of Naukri and PPL as posted last time :)
🔰 {Some info} ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
Breakout is fine but don't u think so volume is less?
Averoy_Apoorv_Analysis
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@sudeepdas235, it closed on its ATM, if it wants to break this pattern it would have given a massive move, well that's one speculation but yeah volumes are lesser than previous candles so if it gives a breakaway gap and sustains it then a long is possible :)