TradingView
LearnersParadise
Feb 2, 2021 2:45 PM

IndHotel :- Look and decide. Long

INDIAN HOTELSNSE

Description

Some stocks follow some pattern magically well.
I tried showing something which gets ignored very often.
I marked 3 triangles and their differences and even marked the exact same difference after it broke out.
Isn't it is fascinating that is exactly goes for the difference of the triangle.
2 successful triangle breakout has give us great return. Hoping for 3rd successful breakout.

Fingers crossed.
Keep an eye folks.
Cheers and Happy Trading.

Comments
sthakur533
after today I think it will go towards 110-113. what yous guys say.? RSI decreasing momentum decreasing . I think this will go towards at least 110
thepapertraderindia
@sthakur533, It has to retest 200 EMA to give confirmation that now its in uptrend...hence you are right 110 on the cards...Thats what i mentioned in my earlier comment too
sthakur533
@thepapertraderindia, yes I believe that was correct observation. Thanks
LearnersParadise
@sthakur533, to be honest I only care if this stocks goes above 127.
Agar Mera price aayega to lenge nahi aayega to wo apne raste main apne.

Triangle ke niche break karega to we don't even need to look at it.
sthakur533
@LearnersParadise, Roger that !! (Y)
WaveTalks
Awesome
LearnersParadise
@AbhishekHSinghCMT, Thanks a lot sir.
thepapertraderindia
Nice observation. But now its above 200 EMA so it may behave differently.
LearnersParadise
@thepapertraderindia, it may.
Our job is to identify the opportunity. If it goes our way we will go in if it doesn't wo apne raste aur hum apne.

Btw a trend continuation pattern above 200 ema is much more reliable.
thepapertraderindia
@LearnersParadise, I agree...will track it!
More