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. ...
1) crucial resistance zone breakout
2) tight consolidation and flag pattern after breakout
3) volumes are also decent
4) short term trend is also bullish
5) previous day high breakout
TRADE OR INVEST wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
PLEASE LIKE AND SHARE IF YOU AGREE WITH THE IDEA
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..
Lets See..
