Well charts are saying more than enough :)
Targets will be as per your SL. I would say take 1:1 in such cases and wait for other pattern to form then go for higher rewards :)
An upward consolidation and amazing breakout :)
Risk and reward as per your risk management analysis that can be done only by you :)
From my side its a good trade to go long positional :)
Hope u like it
This is no coincidence that somewhat a head and shoulder patterns neckline + falling trendline + a very crucial volume-based traded area all broken and closed with a bullish candle on the day .... JK paper seems to be rocking in a few days.
Risk = 4% . The reward depends on how much patient u can be :)
Wait for prices to come out of 3D environment. Ranges are doubling themselves. Probably we may find entry near bottom of current ranges, if we are lucky.
Om Namah Shivay
Trend lines are the non complicated way of finding out the market structure.
And from all type of trend lines, Horizontal lines are the simplest.
Result : Market has been respecting the Demands till now. The Trend is - Down trend continuing. And what to do next to continuously know the structure ? Next Action: We will watch our lines for the...
Biocon forming flag pattern. previously is also formed a flag and breakout from the flag gave a good upside move. watch for the breakout of this recent flag.
