APSTAGE2

VCP seen in RVPL Good long opportunity

Long
NSE:RVNL   RAIL VIKAS NIGAM
301 views
6
High reliable pattern - Sellers unable to push prices down. Price Action is becoming tighter at the right. VOLUMES and BREAKOUT are a MUST!
One should enter ONLY if the closing is above 34

DO NOT DO AMATEUR MISTAKE of Preempting.

Good Luck!
Comment: See how important it is to wait for confirmation. If you entered without confirmation, you deserve to get punished.

Comments

APSTAGE2 prasanna09
@prasanna09, Hi Prasanna, Firstly wait for the confirmation i.e Let the candle close above 34. Your Tgt will depend on your SL,
If you SL is 30 then you Tgt should be minimum 1.5(34-30) = 40.
I usually exit if the candles closes below 20 DMA after breakout. Hope this helps.
+1 Reply
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