Hello Traders today i have selected stock which is market leader in its sector.
-stock is in uptrend and recently crossed its all time high .
-after long uptrend stock had face some consolidation at higher levels and now price get support at previous resistance level
- stock had given some good bounce back after short consolidation
- looks good risk to reward trade😉
The bigger picture clearly shows the converging symmetrical triangle pattern and its getting ready for the breakout.
90% of the time breakout happens in the direction of the existing trend. While breakout please look for the volume and confirm that its not a false breakout.
Stay safe !
Trade safe !
TCS on 15min Timeframe, reflecting a beautiful price action.
It was in an uptrend for a while forming a double top eyeing for a reversal. The point where it formed a second top would have been a great opportunity to short. But who missed at that point including me, now there is another eye-opener.
Forming a strong double top, it reversed from there breaking...
I hope you can now see how Ambujacem CHART Pattern represents an excellent low risk profit entry setup allowing you to trade. Hence the low risk profit entry setup. You will also have seen with the correct price you can determine your entry and exit with high levels of accuracy ensuring the risk/reward is always in your favour..
We want your feedback, and...
ICIL has recently made a channel breakout with higher volumes it would be good pick for making positional trade......
RSI : 65
Do your own study before making any position...
Please Like Follow and Comment your views...