Keep an eye on Hindustan Petrol. Expected momentum is in upward direction.
.
Reason to Buy:
1) Forming a triangle pattern
2) Taking support on weekly as well as daily trend line.
3) Formation of 'W-Pattern' (wait for neck line break)
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Stop-loss must be below the previous immediate swing. RR ratio must be calculated and traded accordingly.
.
Reason to Buy:
1) Forming a triangle pattern
2) Taking support on weekly as well as daily trend line.
3) Formation of 'W-Pattern' (wait for neck line break)
.
Stop-loss must be below the previous immediate swing. RR ratio must be calculated and traded accordingly.
Trade active:
Investing half quantity at 197.65 rest above 200.65
Trade active:
Moving as expected
Comment:
Market sentiment is negative. It is going against my analysis I am not going to trade this breakout.
Trade active:
Partial Quantity inn @ 200 levels.
