HINDUNILVR - Rectangular channel breakout #WeeklyHINDUNILVR confirms rectangular channel breakout with good volume. Buy now (1870-1885) for a Target 2080. Time period 3 to 4 months. SL 1790.
Due to big stop, buy in small quantities.
Breakout-trading
WHAT IS NEXT ??BPCL IS MOVING IN BETWEEN TWO PARALLEL LINES, BUT LAST MOVE O BPCL IN 15 MIN TIME FRAME IS DIFFERENT, IT IS NOT RESPECTING LOWER BOUNDARY OF HE CHANNEL, THERE IS HIGH PROBABILITY TO TAKE A BREAKOUT, SO BE READY TO BOOK YOUR PROFIT WITH POTENTIAL BREAKOUT OR REVERSAL .
Crucial Level {Wait for Breakout/Breakdown}If candle closes above resistance line then
Targets are 980/1010/1025
SL 950
Note: Do your own study before making any position...
Please Like, Follow and Comment your views below...
Cup & handle breakout It has been observed that ICIL chart Cup and Handle break out near 190, can watch near 190 to 195 for target of 240 cup length as well as previous resistance zone stop loss below 180.
