IF CANDLE CLOSES ABOVE TRENDLINE IT WILL EXIT CHANNEL AND ENTER UPPER NEW ONE AND IF TAKES RESISTANCE AND MAKES DOJI CANDLE IT MAY FALL TOWARDS LOWER LINE GAP WILL BE FILLED BASICALLY WATCH OUT FOR PRICE ACTION ON TRENDLINES
TRADE AT YOUR OWN RISK
Strong bullish stock currently pullback towards 640 around can give good buy opportunity with the targets of 670 on the upper side.
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TREND ANALYSIS
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 8 to 12 times.
TREND ANALYSIS
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 8 to 12 times.
NSE:MCDOWELL_N breaks out of wedge and price is above the cloud. Kumo turning green and chikou is free from price range. This setup makes this a good long candidate
