RKDL has beautiful price action zone and based on last few days momentum, it appear that it can break resistance band at 17 As stock is low volume, it should be traded with reduced position sizing. I will trade it with 50-60% of my usual risk here.
All levels (target, entry & sl) mentioned on chart. Kindly trade with caution and dont try to play intraday in such low volume stocks. People with small capital should avoid such risky setup.
Just curious to ask, what makes a break out? company has been posting loss regularly.
Piyush-Gupta
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@Prateikjain, when we trade for short term, company financial has very little influence. Its purely based on momentum & Price action behaviour that stock is forming.
But as stock has history of low liquidity, it is highlighted as risky opportunity.
KetanM
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Another master chart. Great chart for learning. 👌🏻👌🏻
PVCHAMY
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Dear Sir,
Request to suggest good & simple book on chart pattern analysis