🔰 MY thought process :
⭐Symmetrical pattern BO again at monthly resistance
🔰Am I taking this trade now:
Already in it :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I...
Firstly a very good breakout and now the price is a small-time resistance zone. Wait for a clear breakout in a shorter time frame.
Trade wisely..
This is depiction is just for education purposes.
Self explanatory chart.
For educational purpose only. I am not a sebi registered expert. Trade at your own risk. Feel free to text & Share your views.
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Hindalco is forming a symmetrical pattern and can break either side of the triangle. A break above can be traded for long position for targets of 411 and 426. A break on the downside can be traded for short position for targets of 380 and 367. A downside break will lead to the price going below the 50 EMA, and the first target mentioned for 367 is the level of 200...
HDFC is giving a double breakout on 1Hr time frame.
1. First breakout is for Symmetrical triangle.
2. Second breakout is of Wedge pattern breakout.
Both is bullish and seems HDFC share price will give a new bullish trend for us.
Stock is forming a nice VCP around it's ATH.. Volume is visibly dried out and the stock is forming a nice symmetrical triangle. Ideal candidate for a breakout but it's better to wait for the breakout to happen as the stock can breakout on either direction.
