NSE:ICIL had given breakout and is now Retesting it breakout levels. Can we see upside after the retest. It is giving chance to traders who have missed the buying levels of breakout. lets see if it hits our target or Stop Loss
NSE:ICIL has completed the pennant breakout and giving the second chance to go long at retest. We have to keep stop loss at the low of the breakout candle and target will be the previous move before the pennant.
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned...
Swing/ Short Trade opportunity to earn good RRR
CMP: ~ 162.45 (Buy @ ~153.10)
SL: ~ 129
Target: ~237 | ~309 | ~426 (Swing traders can exit at T1)
( Targets calculated on the basis of Fib. and previous swings )
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or...
Disclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade.
INDO COUNT INDUSTRIES as per daily chart analysis is in a brief consolidation zone and stock above 267 level for a target 272. Do note nifty50 tomorrow will fall initial hours and it should take support either at 16891 or 16791 for it bounce back. So buy only after the reversal.
