Once it broke past the Descending Trendline, there has been nothing stopping it.
A simple yet strongly effective way to check the change of Long Term Trends.
IT IS TRADING BETWEEN TREND LINES ONCE IT CLOSES ABOVE UPPER LINE TARGET IS GIVEN FOR LONG AND IF IT COMES DOWN FIRST TARGET FOR SHORT IS ITSELF TREND LINE AND 2ND IS ALSO GIVEN WITH ARROW GOOD LUCK
NOTE: TRADE AT OWN RISK
1. Everything depends on the close of candle or breakout of the resistance.
2. Take Entry when it breakout from the trendline resistance.
3. Wait for retest over smaller timeframe to get better entry with top loss.
after valid breakout can take for long term.
correction of bigger c wave is ending in diagonal. once this got ended we will see upmove as d wave in given time period.
Entry should be above 450 if sustains
Rest mentioned on the chart.
"Idea by MALKIAT SINGH"
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WOCKPHARM has traded on NSE 5 times its average volumes and gained above 8% in one trading session.
NSE:WOCKPHARMA
Buy: 552
Stop-Loss: 528
TARGET: 604
NOT A SEBI REGISTERED technical analyst. Trade the call only in CASH Market. NO FNO after your own analysis.
