The chart is self explanatory
Entry levels : BUY on opening
Exit Levels : 10000/10500/10700 ( LENGTH OF THE POLE AND 1.618 FIBONACCI RATIO)
Disclaimer: This is not a BUY/SELL recommendation shared just for educational purpose.
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Symmetrical triangle / Wedge pattern breakout
Breakout candle with high volumes
On higher time frame (weekly)
Stock has formed a higher high higher low structure.
Now the stock has started to move with high volumes, new swing is starting.
Many times signal appear late of pullbacks
we have to wait till it appears and also mind the price of signal candle
if missed then ok but dont enter at wrong price and SL always reverse signal in supertrend
we have to check, pullback, Double top/Double bottom and buy/sell signalTF will be 2/3 mins, applied only on NSE
Indiamart, this stock has completed consolidation period as wave 4 in weekly, and now it is in wave 5, in wave 5 also possibly it has completed wave I and II in lower degree (daily), and now given breakout with good intensity of volume from it, it seems that wave III has been started, along with positive macd trend indicator in weekly and daily uptick, all other...
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
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