Ascending triangle breakout on weekly chart Long

NSE:ICICIPRULI1W

ICICI PRUDENTIAL LNSE

Description

⋅ Jun 5, 2021 4:40 PM

CMP: 578.25, T1: 613, T2: 727, T3: 787, SL: 416

Study:
Ascending triangle breakout on weekly chart

Trade closed: target reached

⋅ Jul 23, 2021 2:36 AM

T1 reached

Triangle

Comments

Stockoholic_PearlCity

⋅ Jun 7, 2021 9:14 AM

can we enter now, pls advise

nsdtrading

⋅ Jun 7, 2021 12:15 PM

@Stockoholic_PearlCity, Yes you can. But since we are working with weekly chart of ICICI prudential it is recommended to wait for 3-12 months for making decent profits.

Stockoholic_PearlCity

⋅ Jun 7, 2021 12:51 PM

@nsdtrading, Sorry, I cant wait that long really, I'm looking for very short swing trades...Should I look for some other stock then? Or this can still help me in a way?

nsdtrading

⋅ Jun 7, 2021 2:27 PM

@Stockoholic_PearlCity, go for other trades that are carried on daily and hourly charts