Inverted Head and Shoulder / Large TF Cup and Handel / Medium TF Bullish Flag / Short TF
On the larger time frame, we have Head and Shoulder On the medium time frame, we have Cup and Handel On the shorter time frame, we have Bullish Flag With Good volume activity
This trade is High Risk but has a good reward of up to 200% Plane your trade accordingly (manage position sizing)
Sir just educate . As per your analysis buy this stock on break out . Well you are right . When it breaks out it will go with high price for a valid breakout . If some one buy at high price , it correct back on profit booking . Loss to a person who buys at break out .It is a catch 22 situation for a trader . Pl yours comments .
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@JagdishKumarPahuja, it is advised to buy only after a breakout. So what you can do is Buy half the quantity at breakout and a half at retest. Why half at breakout because it might never retest. Jagdish, always manage your risk and position sizeing. This trade is highly risky. I generally not trade in this type of stock.
JagdishKumarPahuja
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@manmohansolanki, surely you are right . Such share are not worth holding or trading
However for a quality share pattern is well explained . Thx
Hello bro.i am prashant from NAGPUR[MAHARASHTRA] It Is good to buy at current price/leval ....or which price to buy / hold reliance power on today,s basic answer plz
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@prashantkakde9687, i am still not convinced with the breakout, you can buy but with the strict stop loss and reduced position size
Loss to a person who buys at break out .It is a catch 22 situation for a trader .
Pl yours comments .