In hourly time frame, I can see 2 patterns:
1. Flag Pole
2. Symmetrical triangle.
For both the patterns, following would be the targets:
1. Break-Out i.e Bullish - 1st Target : 36000
2nd Target : 36200
2. Break-Down i.e Bearish - 1st Target : 35700
2nd Target :...
A Symmetrical triangle is a clear cut indication of consolidation followed by a breakout.
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for...
Even after a bearish nfty and bnknfty move last session this trade is still not messed up just some new trendline adjustments and here we go again looking for BOB ( buy on breakout ) /////
Keep an eye :)