11648 Pole and flag Pre-breakout under watch list
Updated
Reason for long above 690
a) Consolidation pre breakout structure and under watch list
b) PE is expanding and price is constant consolidation is a sign of accumulation; but no big FII or DII in it. Hence need to wait for 690 price breakout and day closing above 690 level for long.
c) The profitable figures in association with price seems expensive, but the PE is showing very low as attractive and some confusion between distribution or accumulation.
d) Action of long only needed, if price closes above 690 level or skip the trade as it has confusion.
The study is posted to know scenario, if PE is expanding and price consolidation. Fundas of ratios showing attractiveness, but the price looks expensive in relation to profits and earnings.
a) Consolidation pre breakout structure and under watch list
b) PE is expanding and price is constant consolidation is a sign of accumulation; but no big FII or DII in it. Hence need to wait for 690 price breakout and day closing above 690 level for long.
c) The profitable figures in association with price seems expensive, but the PE is showing very low as attractive and some confusion between distribution or accumulation.
d) Action of long only needed, if price closes above 690 level or skip the trade as it has confusion.
The study is posted to know scenario, if PE is expanding and price consolidation. Fundas of ratios showing attractiveness, but the price looks expensive in relation to profits and earnings.
Trade closed: target reached
t1 doneTrade closed: target reached
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