- Ascending triangle in downtrend - acting as REVERSAL PATTERN - Look at the VOL popping in - EMA's positive crossover happening - lower trendline is being respected - Script has started making upmoves - Buy on dips is suggested if price comes around trendline - Conservative buy above 50 after breakout
Trade active
⋅
Stock has given a perfect breakout in W with good committed VOL with 40% delivery (goog to go)---add more qunatity
Brother... can you tell me the entry levels for this stock for june 1st or 2nd week
Stockupy
⋅
@federalMagpie90736 sir, I would want that you wait this week and see price action, as company has posted quarterly results which is on the negative side. Price may correct a little now, and see if it supports level and trendline. if holds and make bullish sign at support level then take entry. see close
federalMagpie90736
⋅
@iamvikas7, thank you for the positive response 🙏
Stockupy
⋅
hi there, the logical timeframe atleast would be around 5-6 months. see the volumes coming in. when it breaks the resistance, it can fly. weekly time frame it is, so give some time.