Self Explanatory Chart.
Divergence Spotted.
Keep a Stoploss based on your risk appetite.
Basically the threat is only when the price falls off the channel.
Price in the making of perfect triangle. Symmetric has the character of breaking the pattern on either way, watch your trades when trading a triangle pattern.
1. Descending Triangle Pattern on 30 Minutes Chart. It Indicate downtrend.
2. Price reversal from the 78.6% on Day Chart.
3. Sell Below 149 Target 145.65 , 141.50 Stop Loss 152.
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Adani Gas :
Formed Point and Figure Chart: Breakout:
Indicator Awesome : BUY Mode.
And also Breakout above 50DMA.
So, if it will breakout 144.05, We should buy it,
For Target : 161.4 (Exit here your half position).
and Stop Loss: 125
And if it will sustain above 161.4, we will hold it with stop loss trailing 139.95 for further upside ...
NSE:ADANIGAS
Moreover...
Price has been ranging & contracting with lower highs and higher lows since 3 days.
The last day has shown a doji with a small range indicating an imminent breakout.
The price may fall and retrace to its dynamic supports or continue its upward trend, thus keeping entry triggers for both circumstances with conservative targets.
NOTE: Trade with confirmation of...
