NSE:RAYMOND Can consider Raymond Triangle Breakout for Swing trade with lower trend line as SL on closing basis. Try to take the trade once it retraces based on you RR.
Can look for 902, 300 and 310 as reward. Let me know for any queries. Please like, share, follow for more updates.Thanks.
NSE:MPHASIS Can look for trade after triangle pattern breakout... Safe players can enter the trade on retracement with strict SL.....
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3. Learn before executing the trade..
4. To learn more about patterns and trading... contact...
Traingle Breakout & Channel (maroon) Breakout however part of the bigger channel (orange)
Self Explanatory after the breakout as indicated. Let's just watch which arrow path does it take for flying?
Stop loss based on your risk appetite, but should be mandatory.
Price gently took support and resistance inside a triangle pattern and breaks the pattern yesterday and reached the resistance. If breaks this levels then it will reach a target of 340 - 350 levels.
The best entry for this kind of trades are triangle support levels, sometimes the buyers after breakout exhaust and give up so that one who entered at breakout have...
THE BREAKOUT FOLLOWED BY A RETRACEMENT IS AN INDICATION OF BULLISHNESS IN THE STOCK.
BEWARE OF THE RISK INVOLVED IN TRADING STOCKS AND PLAN YOUR TRADES ACCORDINGLY.
THIS SHOULD ONLY BE USED FOR LEARNIG PURPOSES AND NOT AS A TIP.
TRADE AT YOUR OWN RISK.
THE BREAKOUT WAS DISCUSSED EARLIER, BUT THE TREND CONFIRMATION IS SO STRONG.
I have market the levels in the chart itself. Please refer and comment if you have any doubts !
Selling at CMP
Target : 3725
Risk : 3932
Risk : Reward is 2.57
Do follow me on Quora (Jago Niveshak) for daily calls / stock tips to trade the next coming days.
Thanks for keeping me motivated by showing your love and support !
An diminishing triangle pattern has formed between the trend line (in orange) and the support line (again in orange) at 75.2.
75.2 is a strong support and has supported the scrip 4-5 times since 8th June. I am betting slightly higher on the breakout happening on the downside. The second wave has led to serious outflow of USD to other currencies (EUR, YEN, CNY). ...