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Trianglepattren

Federal bank - Triangle pattern breakout🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade Comments
NSE:FEDERALBNKLong
by PrakWorld_Traders
1
Orient Electric -Getting ReadyOrient Electric -Triangle pattern formation Orient Electric after trading in a consolidation triangle pattern on Friday gave huge momentum on the upside with good volume. How to identify false breakout? On the initial breakout from a range or other chart pattern, a rise in volume indicates strength in the move. Little change in volume or declining volume on a breakout indicates a lack of interest and a higher probability for a false breakout. If the price gives a breakout on the upside and respects the upper trendline confirmed by good volume, traders can go long. Let's see what happens. Note= Get in the habit of focusing on your trading system and following the process for entries, exits, and position size, rather than the money you are making or losing at any particular moment
NSE:ORIENTELEC
by Indrajit08
3