Intraday Trade: watch for resistance breakoutstock is taking resistance at 600 from 5 days
buy above 600 in Intraday or safe above 620
if buying above 600 than note that stock should open below 600 and than break 600 level.
keep stoploss 590 in this case.
for target 618- 620 will work as resistance if breaks 620 than it may run more.
CANFINHOME trade ideas
Symmetrical Triangle Pattern With Full Tutorial
1. This is basically a Symmetrical Triangle Pattern. Where Resistance & Support Line tends to cross near future, which is also known as APEX point. Breakout can happen both the side e.g. ups and down. In this chart is it in upside breakout.
2. We've to measure the distance of price range. Which is between Resistance & Support Line, when pattern was developed and now that range paste on the breakout side for measure Profit Target.
3. That price range has been paste in this area now 721.60 is the initial profit target for this Symmetrical Triangle Pattern.
Short CanfinHomesThis is a trend based analysis of NSE:CANFINHOME . Price is looking bearish on MLY, WLY, DLY and 4H time frames. Further, price has resistance at the WLY S-R levels. For the near term future, going short looks more profitable.
Indicators Used:
Trend lines at different timeframes.
Support - Resistance levels at different timeframes.
Disclaimer: This is shared as an idea and not a recommendation. It is a guesstimate of what the price may be down the line. Please use this for your further analysis and based on your own analysis and risk management initiate trades accordingly. I'm posting this as a means to further improve my knowledge and receive further knowledge from others.