A simple pattern of breakout and retest with a risk: reward of > 2. + Entry only after a green candle on a daily closing basis. Let me know in the comments section if you have any doubts regarding the setup??
Daily Chart Pattern Stock on trend line Support Can See Good Up move from here Good Trade for Short Term PROS Company has delivered good profit growth of 30.02% CAGR over last 5 years Company has been maintaining a healthy dividend payout of 17.64% CONS Stock is trading at 8.27 times its book value Promoter holding has decreased over last 3 years: -7.18% I am...
Place SL below Trendline go for Long Trade......Wait for confimation...If you can see a big volume then enter Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
buy at 962 above only 50% more add in dips till-905-900 after 1month consolidation this stock is ready to give big move. trgt-990-1007-1036-1050
Note: This is for educational purpose only. There seems to be a bullish trend reversal at support. The trend line support coincides with Bollinger Band lower band as well. There is a high volume which accompanies the trend reversal.