PrakWorld_Traders

Trident - Pennant Pattern, Highly bullish

Long
NSE:TRIDENT   TRIDENT LTD
Trident is in Pennant Pattern with consolidation zone, so give an entry with appropriate Stop loss after the breakout from the zone

đź”´DISCLAIMER

***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******

Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)

After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade

Comments

Lets suppose we took a trade on 10th May....... And expect a good move above after 1st triangle breakout....But then afterwards it becomes sideways....So how to exit such positions....Should we keep Time Stop Loss and How....??
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what is the tgt?
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@ritenjee, shall project the same length of the pole for the target, once it breaks out
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