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disclaimer.... not an investing/trading recommendation
Go long at 312 SL 292 Target 350+
Disclaimer... plannning to enter after breakout
not an investing/trading recommendation
Update of TSL from our first trade -
One can also go long on current level with the TSL as stop loss.
Read the chart pointwise. We are betting on the consolidation. The SL will move along with the trendline as shown there.
BHAGERIA:301 is showing a break out from an yearlong falling wedge,
175 points at widest end, having a target 475 in an year.
The total height of wedge is around 230 points could also be a projection.
Resistance will be at 370 & 410'
Price action has been trading in a descending triangle pattern after a sharp up move. Also retracements are weakening which indicates a possibility of trend reversal. Once closes above 333, one can initiate longs with safe SL and ride as it goes up. Beware of fake breakouts, has been common nowadays.