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1. Trend Bullish 2. Weak hands removed with false breakdown 3. RR: 1:7+ 4. Price may shoot up faster to trap sellers
As mentioned previously avoid and beware of false break outs and traps same happend today in morning unable to break 48280 to 42300 false breakout and then back to days low at 48000 Stills looks buyer have controlled from falling below 48000. looks tomorrow may have gap opening in Bank nifty. See Bank nifty also making range between support & resistance keep eye...
in the stock we are see a fake breakout. after the breakout stock going up and hit sellers' stoploss and the stock straggling to going up
1. Early entry for a false breakout has high reward & small risk but probability for taking SL goes substantially high 2. Wait for closing SL, but it is false breakdown then chances are remote to hit the low 3. Risk to reward is 1:12
1. 1:10 RR trade 2. Extraordinary RR trade 3. False breakdown to remove weak hands 4. 1.5% SL we can wait for weekly closing below it for set up to fail, if price sustains above support, then reward is handsom, worth the risk
1. False breakdown 2. Even after breakdown no follow up fall 3. 3 months consolidation
Attached: NDQ Daily Live Market Chart as of 20th March 2023 - Price has triggered a Bearish Anti Butterfly Harmonic Pattern - Price has also broken Previous Day Low with Previous Day being a Doji Candle - And this Sell Off today comes after a Run up which is potentially a False Breakout from a Bull Flag - The saying goes like, "From False Moves come Fast Moves in...
Maruti Suzuki , under retracement trying to find its way to the original uptrend. Currently moving under the channel from 8635.20 and 8966.25 . Here recently we saw a false break out the support, which in turn implies that buyers will not let it come down now. The stock is also supported by two EMAs and thus we may probably see a break out at resistance this time....
its a false breakout on daily time frame , must be on your watchlist for monday 24th , because risk to reward is favourable.. please do your own analysis before take a trade
IN my previous post i posted that the breakout of the trendline was a false breakout i hope you guys don’t have any long positions in overnight.
Havells Should trade below today's low 1212 for an intraday entry on 6th August. False breakouts tend to move faster than usual. Let's wait and watch in the live market.
Hindzinc False breakout. Support at bottom of triangle broken. Currently at trendline support. Next support level 309-310. Follow for more.
Orient Electric -Triangle pattern formation Orient Electric after trading in a consolidation triangle pattern on Friday gave huge momentum on the upside with good volume. How to identify false breakout? On the initial breakout from a range or other chart pattern, a rise in volume indicates strength in the move. Little change in volume or declining volume on a...
Last week in the market, we were looking a possible breakout or breakdown situation on both Nifty and Bank Nifty. It turns out, it was a breakout towards 15,400 and 37,700. Now it looks there is a possibility of a false breakout as well. If the market fails at one at one end of the range, it generally tests the other extreme side. Here, we also have a head and...
#NTPC | symmetrical triangle , wait for the breakout and retracement to BUY Target = 113 stoploss = slightly below the support zone LOT size = 5700 Expected profit = around 1 Lac per lot Check out the related ideas as well ! #FOLLOW for more #LIKE #COMMENT down below about how you like that !
Reading the chart of Bank nifty 45 min. It seems like market is in bullish move , but what we are seeing might be a artificial markup. (Given US election tomorrow, we expect some bit of volatility, my take is the market will be more volatile on the day of results than tomorrow).