#Hitech #breakout #roundingbottom #vcppattern
HITECH : Short term (1-3 Months)
>> Breakout Candidate
>> Rounding Bottom / VCP Pattern
>> Good Volumes & Strength in Stock
Swing Traders can lock 10% profit & keep trailing
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Disclaimer : This is not a Trade Recommendations &...
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula: - Stop Loss Amount/(Buy Price - Initial Stop Loss Price)
4. Sell on initial Stop Loss hit or RSI close below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion...
Chart -> HITECH Pipes Daily
Textbook descending triangle breakout of the stock, with volume pop-up. Small resistance of 80, above it a smooth move.
CMP: 79.70
Good Range To Buy: 76 to 80
Targets: 86, 93, 99
SL: 73 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult...
#Hitechpipe is forming a IHnS at 880. The price has tested the 880 level for 3-4 times previously and also retested the BO level of 855-860
Now trying to break above the IHnS neck line in 880-885 zone. If breaks above this level then one can expect to 940/970/1000 price levels in coming weeks.
One can keep SL of 825 o the closing bais.
