Triangle pattern Breakout Long

STEEL AUTHOR INDIANSE

Description

⋅ Jan 2, 2023 2:26 PM

Please look into the chart for a detailed understanding.

Consider these for short-term & swing trades with 2% profit.

For BTST trades consider booking target for 1% - 2%

For long-term trades look out for resistance drawn above closing.

Please consider these ideas for educational purpose

Trade closed: target reached

⋅ Jan 24, 2023 4:24 PM

Sail Delivered 5% return on swing trade

Comments

Rahul290696

⋅ Jan 2, 2023 2:36 PM

How much Target have you set in Long and Short term both?

Breakout-Ideas

⋅ Jan 2, 2023 2:43 PM

@Rahul290696, if you want to hold this for a longer time, you need to research on fundamentals of this stock. These commodity bases stocks run based on some cycles.. sometimes they are up and sometimes they are down. So if you are able to time them, then only invest for long term. Coming to my short term view, there is a resistance at 98. So if momentum continues.. you can hold till 98.