HARMONICSANAND

how to trade with trend lines / multiple patterns

Long
NSE:ZEEL   ZEE ENTERTAIN ENT
zeel : 196.55

trade set up:
1. buy till 186
2. keep stop loss as 175 on closing basis
3. targets 209/218/242 /260+
technical buy set up :
1. cup & handle
2. trend lines support
3.fibonacii retracement at .786 to .886
4.triangle

note :
a. stock is trading with multiple patterns .
b.trading at lower trend lines support of parallel channel .
c.trading in handle portion of cup & handle in weekly time frame .
d.also forming higher lows & lower highs consistently in triangle .
e. volume part dry to low during price correction & good volumes at price rise .
d.at fibonacii number .786 to .886 zone for good bullish reversal too.
Trade closed: target reached

Comments

Yes you are good in drawing and learning from your charts
+2 Reply
Close observation of the chart reading gives good calls!
+1 Reply
you can become a great artist of chart
+1 Reply