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Breakout Trap (Educational Purpose)Breakout Trap in PENIND Daily Analysis of PENIND This is how investers traps in a breakout trap PENIND has made double bottom patten and as per Double Bottom Pattern analysis the projected target has been reached but the picture is not over yet!!! Some investers do re-entery in it after it breaks recent resistance level. Same thing happend in PENIND after reaching projected profit it gave breakout to it's recent resistance level and after only 5 trading sessions it fells upto 16% and here is Stop Loss comes into picture. If someone has put a strict Stop Loss in a system he /she may exit the trade as per their Risk to Reward ratio. He/She may end up with only 5%-6% loss. But what if someone has not set Stop Loss in a system he/she may have 16% of loss till the date. That's why stop loss plays very important role in Investing as well as trading. There is also small loophole, the abnormal increased in volume may indicate there may be operators comes into picture to trap the retail traders/investors. As soon as retailers enters into a trade there has sharp fall happened. It may caused by operators have exit their position. This is my view and not a theory. If you like this Educational Analysis please do boost and share. Thank You All for your support
NSE:PENIND
by Avinash9087
1
NUCLEUS SOFTWARE REVERSAL PATTTERN FORMED - SHORT POSITION Due To Weak Quaterly Results It Was Underperforming And Trading Low On The Curve From 750 To 350 Since Last 9 Months. But Dec 2022 Results Were Superb Compatative To All Previous Quarters Of Last Year Hence It Rallied Almost 75% In A Week. As Showed In The Chart There Was A Bearish Gap Level Oh 13th August 2023 At 621 - 638 Price, Where We Can Assusme That There Are Maximum Unfilled Orders That Are Placed For Profit Booking. On 24feb,2023 Nucleus Soft Touched That Level And Made Gravestone Doji On Daily Time Frame Basis That Too Formed On Upper Bollinger Band Along With The Rsi Divergence In 2 Hours Time Frame. It Should Correct Till Mean In Daily Tf Bollinger Band I.E 485 Odd Levels And Also There Lies A Demand Zone . Hence Trade Setup Goes Like Crossing Low Of Doji Stoploss - 648 Entry - 624 Tgt - T1 : 576 ( 2:1) T2 - 485. But Trail The Sl After T1 Achieved. Size - According To Risk Of Your Capital.
NSE:NUCLEUSShort
by maharshisavalia
2