1 - There is a hidden channel pattern in descending traingle where stock has been taking the support on trendline
2 - Right after fall , gapped up and made reversal (inverted hammer ) . today closed in green which is reversal confirmation(bulls are In control)
3 - Main thing is here to consider that reversal happened at area of interest (demand zone)
4 - one can...
As you can see Mrs Bector has formed Cup & handle pattern in Daily time frame.
Entry : Safe to enter above 460 (only if daily candle close above it )
Stop loss: 449
Target 1: 500
Target 2: 500+ with strict trailing stop loss ( i.e Stoploss should be previous day low )
Points to remember
- Always wait for the confirmation, dont jump in...
1.Cup Handle pattern in Day frame
2. Making Higher Highs in 1Hr Time frame
3.continuosly raising volumes from 3 days
For Swing Trade
Enter above 470 level with good confirmation
Tgt 1- 554
Tgt 2- 621
Sl - 426
*Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
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