TradingView
MOHAN_2020
Jul 31, 2021 5:55 AM

Breakout & consolidation in descending triangle! Long

PARAG MILK FOODSNSE

Description

Long term bear trend breakout with good volume..
Consolidation in descending triangle..
Entry only on breakout and candle closure on Daily TF..
Resistance lines to be monitored for any reversal.
Targets are as per fib levels..

Chart is only for educational purpose & not a recommendation for buy or sell..

Comment

It has broken down side and took channel support (overall sentiment is down in Mid & Small caps).. Shall wait for Trend reversal in Daily TF..

Comment

Buy trigger above 126 if reverses from here.. Day candle closing basis
Comments
StockWhizzer
Holding 500@110, can expect 190/200 by Aug end?
MOHAN_2020
@StockWhizzer, can't predict until it breaks out. Its becoming narrow range.. let us wait and see..
More