BREAKOUT FOLLOWED BY RETRACEMENT IS THE BEST PATTERN TO TRADE ON Note: Avoid the stock if a big gap up or gap down is seen Enter after the breakout happens and not before it Do not chase the market, i.e., do not get involved in late entries Only enter with strict stop-loss and target This is not a recommendation and is for educational purposes only. ...
After a long one sided rally we are seeing some divergence in indicators. Likely some correction.
IBULHSGFIN is trading in a Rising Channel and making HL Looks Good for long above 198.80 Level (Green Line) In Case of Breakdown it is Weak Below 190 Level (Red line) Between Green and Red Line in No Trading Zone.
M_MFIN gave trendline BO (Red line) and closed above it. Crossing 137.20 can be a good upside move towards 139-140 levels