#financialfreedom
Symmetrical Triangle BreakoutThe weekly chart of Max Health Care Cleary Shows a Symmetrical Triangle Breakout.
Breakout happened with a good volume bar.
The stock can touch app 480 - 500 as per the pattern. However the stock is in an uptrend.
So even when the target is achieved one may hold the stock with trailing stop loss.
Tata Elxsi Brkout awaitedThe dly chart of Tata Elxsi shows a resis at 6099
A valid brkout abv it is likely to take the prices on the upside.
Can touch app 6600 - 6700
However is prices continue to move abv 6750.......it will likely carry on the upside.
The stock has been in bullish momentum and this brkout may prove to be yet another entry point for those who missed the previous bull run.
Trade as per price action.
Crash and Correction point out the difference..One thing to keep in mind is the difference between a crash and a correction. After a correction, the price always rises. It's important not to confuse every correction with a crash.
It all about making money out of it.
STOCK MARKET DROP
DOWN-5% PULL BACK
DOWN-10% CORRECTION
DOWN-20% BEAR MAKET
DOWN-50% CRASH
Cup & Handle Formation in Dow Jones HourlyThe US index Dow Jones has formed a Cup & Handle pattern on hourly charts.
Breakout is awaited.
A valid upside breakout will lead to further upside but previous swing high may act as a supply zone.