Digispice- RED and weekly Gapup newRED and weekly Gapup new
1) NEw strategy only 3 stocks, VIP, GAndhar, Digispace
2) Strong accumulation
3) LEts see how it performs
DIGISPICE trade ideas
DIGISPICE Breakout ChartStock now trade 25. Uptrent already started immediate target 29.
Short Duration stock target 40 and 50.
HOW TO TRADE TRAINGLE PATTERNHello guys!
This analysis is for learning how to trade TRAINGLE pattern breakout.
I've taken DIGISPICE TECHNOLOGIES for an example. Stock is in consolidation for 8 months. It is respecting both the trend lines as dinamic support(below) and resistance (above).
When this type of pattern forms stock gradually trades in a narrow range near the breakout and can give breakout either sides with a big candle and huge volume.
👉Qn.- Which side the stock will go?
Ans - Since the stock is trading above the 200 ma( orange line) so we can consider the stock in an uptrend. So there is a high probability that, it'll break the upper trendline. So we can take a chance with proper POSITION SIZING & RISK MANAGEMENT ( Read the full article below) at breakout.
👉 What should be the SL?
ANS- In this case we can consider the SL below the lower trendline or below the recent HL (higher low) of the trend.
👉Qn- What should be the target?
Ans- The 1st target should be the next resistance. Which is about 70%. RR (risk reward) will be 2.5.
👉 2nd Target will be the next resistance (117)
if it successfully breaks the 1st resistance. Here the profit % = 140% aprox & the RR is about 5, which is great.
I hope you've learned something from my analysis.
Like & Do comment i need any assistance.
👉This trade is only for educational purpose and not my recommendation.
Multi fold growth story, go Long Details clearly mentioned in chart
Good time to consider now
Hold minimum next two quarters
Expecting positive results
Huge volumes shows the demand
Less competition, rural fintech
Can expect 200+ range in an year
Anything against our assumptions, exist
Happy investing✌🏻
