Snipertrader
MGL Resistance BO !!NSE:MGL
#NSE:MGL trading @ Resistance and BO, now retracing, Possible movements marked on chart,
Retracement might continue and bounce. Potential levels updated.
850 CE given to our friends and bagged very good profits(5X Profits), still have very good potential.
(Reason for giving 850CE, TL BO, Cup& Handle BO) Multiple confirmation taken in to consideration.
check my signature column for details.
MCDOWELS has a great potential after the Break outAs we can see in the charts, the price is under consolidation for years.
One can enter when there is a Break out with a good volume.
Until then we will watch patiently and wait for the BO.
> A great trader says, the market is 10% buying, 10 % selling and 80% is watching, observing, collecting information.
APOLLO HOSPITAL :A very Low risk setup Well, as we can see in the chart the price is constantly taking multiple support from the Ascending Trend Line(TL).
The logic here is very simple, as the price has come to the same TL, we can enter with a minimum risk.
Those trades are the best in which risk is very low and returns are almost 3 times or 4 times.
RISK : 2.25 %
RETUNRS : 8.40%
Best of luck everyone.
Enter only when we are 100% confident.
ERIS. Risk to reward 1:5. Risk 3.8% Profit 19.2%Eris has a beautiful set up.
Breaking Ascending triangle pattern.
> We can wait for price to come at the retest level, as everything is mentioned in the chart.
>we will only enter when Risk to Reward is in our favour.
>Dont just predict ,enter when there is a solid reason to enter.
Best of luck everyone.
Hope everyone makes smart money.
LTTS looks very Bearish.> As we can see in the chart, the Channel pattern has been Broken down with a very good volume,
the Ascending Trend Line(TL) support was very strong as we can see Price took support from that
same TL 5 times in the past.
> After breaking the TL we can see the weakness in the candles, we can see huge rejection from the sellers.
> This is the right time to enter with SL above Tl.
> We will only enter when the risk is very low.
> Without discipline we will never be successful traders/investors, it plays a very important role in this carrier.
Best of luck everyone.
Keep focusing.