The stock has been facing resistance at the trendline for several days. Breaking out of the resistance could make the stock go higher till 240. Since markets are very volatile please manage your stop losses well.
Currently in a descending triangle pattern . It has taken support at 178. Can breach this level and fall further . Only for educational purpose . Not a SEBI registered advisor
(Swing / Positional Trade) | RR 1:4+ | Type :- Breakout
Reasons To Trade 🤔 :- Breakout Of = 200DMA + Flag Pattern + Pennant Pattern - Symmetrical Triangle Pattern.
Entry :- 180
Stop Loss :- 172.50
Targets :- 1st= 190 | 2nd= 200 | 3rd= 210
(Risk Must Be Managed.)
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IBULHSGFIN has been testing blue trend line for multiple times and seems it is ready for possible breakout and another set of explosive move.
Above 186 this can give good move (190, 194 possible targets).
*** This is intraday only idea ***
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from...
Intraday and Swing Setup: Looks good above 187 for 205/215/230. Keep a SL with 180. Price already confirmed just wait for cooldown time and take trade after that.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
Price reached the channel top and the candles are looking strong enough to break the channel but as the price reached the resistance there should be some rejection here or a small consolidation before break.
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![IBULHSGFIN: [ INTRADDAY ] IBULHSGFIN SHORT BET](https://s3.tradingview.com/c/c9expBDu_mid.png "[ INTRADDAY ] IBULHSGFIN SHORT BET")
