***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
THE STOCK IS SUSAINING THE ABOVE BREAKOUT LEVEL, CONSIDER THIS AS A GOOD OPPURTUNITY
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...
Price moving inside the trend lines squeezing itself tight, one should have entered at the support level of around 48 as the price moves to 54 today. Will this time price breaks the upper trend line or for the last one time it will reject from the trend line is the question. . .
Price inside a parallel channel and forming a symmetric triangle inside it. One can buy at trend line support around 52, but if you are deciding to go for it then buy small quantity now and if price goes down to support add some more to your position.
Channel top will see some rejection, book at channel top and once again enter the market for this symmetric...