#zeel #trendline #breakout #patterntrading #chartpattern #cupandhandlepattern #momentumtrade #swingtrade
Zeel : Swing Trade
>> Trendline Concept
>> Cup & Handle chart pattern visible
>> Moving Avg Concept also suggests Breakout of 50 EMA
>> Breakout point of Trendline / Chart Pattern & Moving Avg concept are all in confluence at same point. (Refer both charts)
>> Hence its a Breakout candidate, probability is higher
>> Upside potential is of 20-25% & Downside Potenial is 9-10%
>> So a good 1:2 Risk Reward Trade
Swing Traders can lock profit at 10% and keep Trailing
Please Boost, comment and follow us for more Learnings.
Note : Markets are still Tricky and can go either ways so don't be over aggressive while choosing & planning your Trades, Calculate your Position sizing as per the Risk Reward you see and most importantly don't go all in
Disc : Charts shared are for learning purpose only, not a Trade recommendation. Do your own research and consult your financial advisor before taking any position.
Zeel : Swing Trade
>> Trendline Concept
>> Cup & Handle chart pattern visible
>> Moving Avg Concept also suggests Breakout of 50 EMA
>> Breakout point of Trendline / Chart Pattern & Moving Avg concept are all in confluence at same point. (Refer both charts)
>> Hence its a Breakout candidate, probability is higher
>> Upside potential is of 20-25% & Downside Potenial is 9-10%
>> So a good 1:2 Risk Reward Trade
Swing Traders can lock profit at 10% and keep Trailing
Please Boost, comment and follow us for more Learnings.
Note : Markets are still Tricky and can go either ways so don't be over aggressive while choosing & planning your Trades, Calculate your Position sizing as per the Risk Reward you see and most importantly don't go all in
Disc : Charts shared are for learning purpose only, not a Trade recommendation. Do your own research and consult your financial advisor before taking any position.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.