Chart analysis:
Pattern: Ascending triangle pattern is formed when the consolidation takes place. The pattern is formed from more than 6 months candles indicating strong pattern formation and after BO the trend continues.
Pullback: Pullback of last rally is between 0.382 and 0.5 which indicates the momentum is still present.
Volume: Volume dry up happening,...
NETWORK18 (1D TF) - Swing Trade Analysis given on 21st Jan, 2024
Pattern: ASCENDING TRIANGLE
- Volume Spike at Resistance - In Progress
- Breakout - In Progress
- Retest & Consolidation - In Progress
- Waiting for the entry at the Demand zone marked out
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YATRA : Swing Trade
>> Momentum stock
>> Ascending Triangle Breakout
>> Expect some Big Volumes in coming days
>> Good Relative Strength in Stock
>> Low Risk High Reward Trade
Swing Trade can lock profits at 10% and keep trailing
Disclaimer : This is not a Trade Recommendations &...
