In this informative video, we delve deep into the world of Trend Line Breaks Strategy. Discover how to enhance your trading skills and maximize your profits using this powerful technique. 🚀
JKTYRE is giving a multiyear breakout
Key Pointers :
1) Stock has given a multiyear breakout with good bullish momentum
2) Pole and Flag formation for the last 2 weeks
3) Pole and Flag is breaken with good green candle
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1. Stock is in a good up trend
2. Had a healthy retracement and formed bullish candle in monthly time frame
3. Trendline break out in daily time frame
4. Consolidation after trendline break out
5. Head and shoulders pattern inside the consolidation.
MY ENTRY
50% position at the support area
Rest of the position after a breakout of the neck of head and shoulder...
1 Day chart - Fake breakout and Retest
1 Hr chart - Trendline
15min chart - Head and shoulder pattern
A good entry would be a 15min candle close below the neck level head and shoulder + trendline breakout.
Note: Mahindra Life space Stock date on 10.02.2022.
How this stock is given 19.72% returns in a single day???
1. Narrow CPR Range B/o stock
2. Above MA200,50,20 level and today & Previous day high broken
3. Day time frame Trend line Breakouts
Some Knowledge about MY patterns here :
1) Cup and Handle :
Appearance: Looks like a cup profile with the handle on the die right
Reversal or consolidation: Short-term (up to 3 months) bullish consolidation
Failure rate: 26%
Failure rate if
waited for a breakout: 10%
Average rise 38%, with most likely rise between 10% and 20%
Throwbacks 74%
Percentage...
Hii this is trader Kanishk
Today there is an analysis of IGL indraprastha gas limited.
we can go for a long positional trade by putting s small stop loss.
Buy IGL and go for a longer positional
But
After watching the full video till end
After confirmation of trend change
After following all the steps told in this video.
This is a bear market phase and this is...
