Why I Entered In This Trade? NSE: NATIONALUM
This is my short term position in NATIONALUM
Why I took the position?
The fundaments of this company are strong due to that it has moved nicely in few months. When I took the trade it was consolidating and forming Descending Triangle Chart Pattern. I was pretty confirm that after consolidation and breakout this can give a pretty solid up move.
When did I Enter?
I entered before breakout as I was confirm about the up move.
How much Profits I made?
I am up nearly 30% as you can see the chart.
When I will Exit?
Once I get to see rejection on daily timeframe I will exit majority of my position.
Should you Enter Now?
NO, cause it's on All time high and take a pullback. You should buy low sell high.
Conclusion:
This is just for Educational Purpose. Do your own research to before taking any trades. I am also just learning. I am not an Financial Adviser.
Why I took the position?
The fundaments of this company are strong due to that it has moved nicely in few months. When I took the trade it was consolidating and forming Descending Triangle Chart Pattern. I was pretty confirm that after consolidation and breakout this can give a pretty solid up move.
When did I Enter?
I entered before breakout as I was confirm about the up move.
How much Profits I made?
I am up nearly 30% as you can see the chart.
When I will Exit?
Once I get to see rejection on daily timeframe I will exit majority of my position.
Should you Enter Now?
NO, cause it's on All time high and take a pullback. You should buy low sell high.
Conclusion:
This is just for Educational Purpose. Do your own research to before taking any trades. I am also just learning. I am not an Financial Adviser.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.