Make use of this dip and buy Rain industries which is running around 195 . Stock is trading near to the support and the risk reward is favourable. One can add further when in crosees 202 levels. Target for the september month is 220 plus
Read About WEDGE PATTERN
WHAT IS A FALLING WEDGE PATTERN?
The falling wedge pattern is a continuation pattern formed when price bounces between two downward sloping, converging trendlines. It is considered a bullish chart formation but can indicate both reversal and continuation patterns – depending on where it appears in the trend.
HOW TO IDENTIFY A FALLING...
Rain Industries stock is in the mode to break the channel line and might go up. Aggressive Traders Buy above 159 rupees, Conservative Traders Buy above 162.50, with Stop Loss 150 rupees, Target 172-175 rupees. NSE:RAIN
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
Volume expansion seen past few days
Recent support of 163-166 was broken but reclaimed back quickly
This shows buyers conviction
If breakout happens then it can be bought with SL of support area and targets of 210/240 can be seen again soon
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ,...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
The chart is self-explanatory. Accumulate up to 202 if retraces. Exit below 190 (closing basis) for a couple of days or according to your risk management. Risk management is on priority anytime, every time.
Only for learning and sharing purposes, not a bit of trading advice.
All the best.
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Has formed a clear round bottom and descending triangle pattern which can act as cup and handle pattern. Today's close was strong with a bullish candle. On breakout we can expect the target of 270 and 310