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smsuresh
Sep 19, 2020 3:22 PM

Ascending triangle  Long

GRASIM INDUSTRIESNSE

Description

exp on chart..

Trade active

Trade closed: stop reached

Comments
haribhat
Can we buy and hold for Oct expiry?
mcpriceaction
@haribhat, pattern formation not work well here due to market sentiments, 736 is the key residence before crossing with volume, dont buy, otherwise caught in trap, stay tune om mcpriceaction
haribhat
Jaseemjazz23
IS THIS SWING TRADE???
mcpriceaction
@Jaseemjazz23, on chart it was ascending triangle formation, any pattern only works well when market is also supporting, in this case smuresh spotted a fine setup but market sentiment create the fear and set up not work well, it doesn't mean set up don't work , 7 out of 10 times setup work,
for more idea and support stay tune on mcpriceaction
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