TradingView
FAHEEMSAM
May 19, 2021 4:38 AM

VAIBHAVGBL - BREAKOUT & RETEST Long

NSE:VAIBHAVGBL120
VAIBHAV GLOBAL LTDNSE

Description

⋅
A Symmetrical triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........

WAIT TILL A DECISIVE MOVE TO THE UPSIDE IS VISIBLE

Note:
  • Avoid the stock if a big gap up or gap down is seen
  • Enter after the breakout happens and not before it
  • Do not chase the market, i.e., do not get involved in late entries
  • Only enter with strict stop-loss and target
  • This is not a recommendation and is for educational purposes only.
  • always follow risk-reward and quantity management for the 100% of the times
  • The above mentioned idea may not work, so beware of the risk you are taking


Follow me to Learn and Earn with me.
Happy Trading!!
Trend AnalysisChart PatternsWave AnalysisvaibhavglobalVAIBHAVGBLSymmetrical Triangle
Comments
mmohit181
⋅
What are your views for the CMP?
FAHEEMSAM
⋅
@mmohit181, Hi sir, I am still waiting trendline break to enter. Always remember that first upmove is not for buying, it is just an indication. Once it goes back once again and comeback and cross high is when you buy the stock. Hope you understood
mmohit181
⋅
@FAHEEMSAM, so which market price you are expecting to enter the trade?
will it be 886 or 865?
FAHEEMSAM
⋅
@mmohit181, it needs to make a higher high. i dont have exact levels, but in 15min chart i need to see hh and ll
More