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Breakouttrade

Triangle Breakout!!TRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up. AC line will act as resistance line. BD line will act as support line. when to trade : The candlestick has to break the support/resistance line with increasing volume to confirm the direction. STOP LOSS: If the breakout is upwards then support line will act as stop loss. If the breakout is downwards then resistance will act as stop loss. PS : This is 15 minute candlestick chart so the targets are most likely to achieve in 1-2 days. The accuracy of this strategy is 80%.
NSE:BIOCON
by manyilakhil
4
Triangle Breakout!!TRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up. AC line will act as resistance line. BD line will act as support line. when to trade : The candlestick has to break the support/resistance line with increasing volume to confirm the direction. STOP LOSS: If the breakout is upwards then support line will act as stop loss. If the breakout is downwards then resistance will act as stop loss. PS : This is 15 minute candlestick chart so the targets are most likely to achieve in 1-2 days. The accuracy of this strategy is 80%.
NSE:IRB
by manyilakhil
3
QuickHeal: Falling Wedge Pattern This is the Chart of Quick Heal on the daily scale, A falling Wedge pattern did appear and the Prices breaks out downward. Though Falling Wedges patterns are supposed to breakout upwards, but here it breaks out downward. This pattern forms over a period of approx 6 months. Break out came with a gap , hence signalling price may go down further. Support for the stock is at 210-209 levels. And if i look at harmonic pattern i could see a probability of Bat pattern ,suggesting a support zone near 211-210 levels Hence , one should keep an eye on these levels to determine the further price action in this stock
NSE:QUICKHEAL
by manuagarwal21