GABRIEL INDIA as per daily chart analysis stock has broken the consolidation zone and today it had tried to break the resistance 149. Stock above 150 for a target 155. Resistance at 158 level.
1) A simple channel pattern with seven touches at the top and three touches at the bottom.
2) One can after a breakout.
3) And the target always depends on price action, actually I don't set a target, I do take exits depending on price-action (and it varies from person to person's conviction)
4) still if you want to set a target then go with 1:2 or 1:3 risk...
Wait And Watch ??
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Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the...
