#ADSL #breakout #failedbreakout #breakoutstock #ascendingtriangle #patterntrading
ADSL : Ascending Triangle Breakout
>> Momentum stock
>> Probability of a Good upside due to Failed Breakout on the Downside
>> Low Risk High Reward.
Swing TradersCan Lock profit at 10% and keep trailing
If u find the charts informative/educational/Knowledgable Keep sharing and...
::This is just for education::
RBLBANK share price had fallen around 10% (closing basis) after Sep. quarter result. Although the result has improved from last quarter. So in my opinion it should not fall much, chart pattern is also indicating the same.
As indicated in chart, it can take support at 160 level, and can face resistance at 200 level. I think...
NSE:SBIN
(FOR LEARNING PURPOSE ONLY)
Price below 50mvwap
On 9 Jul 2:45pm,a bullish candle closed with significant supply , followed by failed engulfing next day suggests that Price failed to hold on to the breakout (false breakout) & retraced back into the channel
If price closes below 193.3 go short (on volume confirmation) with targets 185.60 & 175.60
NSE:HINDZINC
As per chart it is clear that breakout above 330 does not sustain and the price is back in channel ......i will go short tomorrow around 328 for the immediate target of 318 with stop loss 332.
