johntradingwick

Sonata Software- May Breakout soon | Swing trade idea

NSE:SONATSOFTW   SONATA SOFTWARE
Key Highlights:

-Consolidating in range
-May retrace a bit before the breakout
-If it gives a clean breakout with volume , then enter only above 815
-Bullish Market structure
-Volume expansion

Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

Comments

Do you think this was the fake breakout! morning it went up as if there is no tomorrow! what is you view on a short to medium as all upmove has been rejected by buyers....so one should expect more consolidation to take place?
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johntradingwick PravinGramle
@PravinGramle, That was some massive unwinding. Seems like we are falling back in the range.
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Keep up this good work. Don't get discouraged by less number of likes.
Been following your work. Nice :)
Reply
johntradingwick Aravind4396
@Aravind4396, Thank you, Aravind. I'll try my best to overcome that. :)
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above only 815 means if candle closes in 4h tm above 815 or we can enter at intraday time frame ?
Reply
johntradingwick assiddiqui49
@assiddiqui49, If it closes on 4hr TF.
+1 Reply