Power India chart is showing a Big Triangle Pattern.
Overall stock is bullish.
The price action we can see is Drop - Base - Rally and we all know that it's a reversal pattern.
The first Yellow line is the 1st Target and if the price crosses that 1st yellow line target then it will be another breakout, as it is a resistance/sellers zone. Exit the Trade with the method of Trailing Stop Loss
Trade on your own risk management and trade management tool
As the market is showing no clear direction, be cautious for not just this trade, but with every trade
Overall stock is bullish.
The price action we can see is Drop - Base - Rally and we all know that it's a reversal pattern.
The first Yellow line is the 1st Target and if the price crosses that 1st yellow line target then it will be another breakout, as it is a resistance/sellers zone. Exit the Trade with the method of Trailing Stop Loss
Trade on your own risk management and trade management tool
As the market is showing no clear direction, be cautious for not just this trade, but with every trade