This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
TRADE OR INVEST wisely.
WE CAN JUST PREDICT.
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TN Petro has broken out of its 9 month old congestion trendline. the stock had broken out of the same trendline a few weeks back but broken down below it immediately and had restested and taken support at the previous resistance of 45.5.
Since then, the stock has once again breached the 9 month old resistance trendline to the upside and closed above it both on a...
In the last trading session, this stock gives a breakout from its consolidation zone between 30-47. This breakout happened with increasing buying volume so expected this stock reach soon 64+ in upcoming trading sessions. This rally can give more than 30% movement. Can go long with a very close stop loss at 45. So, Risk: Reward in this trade will be 1:8+.
Super Breakout after years above 48..
Increasing Crude Prices is good news for this stock..
Peers like Manali and Panama Petro are helping further..
My Trading Plan clearly Explained in Charts..