ApolloTyre has given a Breakout from its Correcting Trend Channel Indicating the upmove has started and confirmed on the upside.. One can go long the stock at current levels or on some corrections retesting the breakout levels around 170 with Stoploss around 152 and long term higher targets of around 270/290. The Third wave has just started and may or may not give...
With this rectangular range trade setup, its 8th rectangular range in last 10 days if I check my trading journal. Either Fx or Nifty 50 markets are offering us lots of ranging n breakout pattern trades for past two weeks. Yes, few of them failed but winners overshot losers,just like that. I'm looking out for this rectangular breakout in Infy and will be watching...
IDBI on hourly timeframe has wedge pattern and price is near the lower trendline of wedge pattern and if you notice there is another wedge formation in 15mins. Initially I thought of posting this 60min wedge as positional trade and later converted it to intraday post bcos of Inner wedge. So Intraday traders can trade the inner wedge's direction of breakout and if...
![IDBI: IDBI : [Intraday] Wedge within [Positional] Wedge : Breakout ?](https://s3.tradingview.com/s/sCk6xKHM_mid.png "IDBI : [Intraday] Wedge within [Positional] Wedge : Breakout ?")