Rangebreakout
RANGE BREAKOUT - LONG SETUPStock has given a good bullish breakout from the 4 month long consolidation zone and also its strong resistance has been taken out with massive volumes and RSI confirming bullish momentum.
If it continues to sustain above 430, one can look for a long opportunity for short to mid term view.
Wait for a right price action before entering.
Disclaimer: Take this view for educational purpose. Trade on your own risk.
Happy trading. Happy Investing!
Long setup - Expecting stock will go up if it breaks 430.95. Range break out set up . If stock sustains above the given level then it will go uo but given condition is that market sentiment must be positive as as well as sector should be positive.
Disclaimer: Only for educational purpose. Before taking any trade consult your financial adviser
RANGE BREAKOUT TRADE - WAIT FOR THE LEVELStock is trying to break its 2 months long range with good volume addition in today's session and RSI confirming the charge of bulls and a good retracement from bears territory. Wait for it to cross the range and sustain above 106-107 and then trade with a proper SL.
Discliamer: Take this view for educational purpose. Trde on your risk.
Happy trading. Happy investing!