Weekly resistance breakout with good volume.
Fake Hanging Man candlestick pattern appeared on a daily chart (Retail Trap)
One can take long position with a short-term target of 273.35 & 288.60. The profit potential is 18%. Maintain a strict stop loss of 236.20 on a daily closing basis.
This stock it has break a down trendline with good RSI strength and with Huge volume addition.
For a weekly setup we well see move towards 240 and there is a possibilities that this will take halt at 240 level and break this level will see good up move.
I hope you can now see how INFRATEL represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that...
Sell below 185(Low of the high bar) for target of 173,171 and 165
Stop loss - 1% of your money or 195
Be Calm and Let price come to you :) Don't ever chase price.
All are Swing trade, so if you want to profit from the analysis chose to buy PUT options for OCT series.
Disclaimer: Author may enter in trade, take your own decision. This is an...
Triangle pattern broken and now at pullback.
Entry based on bullish strength at the support zone.
This Analysis Is Done Only For Educational Purpose, Never Invest Or Trade based on this. I have all the rights to be wrong on my views :)
Currently infratel trading end of its ascending triangle bullish trend formation. We will see either breakout or breakdown in this stock in tomorrow session. There have two possibilities mentioned in the chart due to stock trend is downtrend but the market trend is positive.