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Broadening Wedge

AMARAJABAT - Plan, Risk and Logic in Description ✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ ✺--------------------LOGIC of the trade----------------------------- ✺ ✣The Green area is the weekly support zone ✣The blue trendlines depict resistance lines and support lines of a broadening pattern for downwards ✣The yellow lines show a parallel channel in making ✺----------------------- Plan of the trade---------------------------- ✺ ✣No potential longs at current levels at least ✣Be patient enough to let it break out of both the patterns as told in the Logic section ✣Wait patiently and watch the stock only, no targets, no Sl, and no trade but potentially good pick for the week ✺--------------------------- Motivational and psychological area ✺ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions, and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good peoples, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) ✺------------------------------------ Some info-------------------------- ✺ ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<< Thank You Have a Nice Trading Day >>>>>>
ALong
by Averoy_Apoorv_Analysis
2
IGL : Broadening Wedge & the BreakoutHappy Monday Guys, As I always say - only we the traders welcome Monday with happiest smile :) Atleast I do, bcos we are getting back to what we love to do. So here we have bullish run in IGL then wedge kinda broadening formation, then breakout to upside, so longs are wise in IGL, towards the target of 1200's -1180's zone. Check what's your risk before entering, that's wise. You should know how much you stand to lose to make potential profit :)
NSE:IGLLong
by InsiderB
2