-already broke symmetrical triangle pattern
-now near next immediate resistance which it can break easily
-above resistance it will break all time high
-keep in your watchlist
TARC coil system 2
Entry above 167.25
SL 156.6
Only for journaling not for the trading.
This post is for my personal use.
Note : only for learning, not a trading recommendation. i am posting as a trading journal before and after breakout.
The stock is trying to come out after multiple attempts however the stock seems to constantly absorbing the selling pressure that it has been facing over those attempts. Can it give a sustainable break out on confirmation this time? Let's see!
TARC
CMP : 101
SUPPORT AT 92
MAY HEADED TOWARDS 112, 118
SEEMS LIKE CONSOLIDATION BREAKOUT OF DAILY TF.
RSI IS AT 66, WHICH INDICATES STRENGTH.
VOLUMES ARE ALSO ACCUMULATING WELL.
Please do your own analysis or consult your advisor.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking profit for 1% - 2%
For long-term trades look out for resistance drawn above closing
Tark has given a breakout with huge volume.
Entry: 48.5
SL: 45
Target: 54.5 or 55
Though perfect stop loss will be below the breakout candle, I won't recommend such a vast stop loss.
This is a small-cap stock. Enter with risk. Make sure you put stop loss.
Happy trading.
I am not sebi registered. Take your own trade.
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:00 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5-7% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 3% or closing below the low of the breakout candle
The levels mentioned...
most of traders take entry at breakout of channel but some are more smart ,they take entry at bottom of channel so that risk is minimal.
In this chart a good opportunity is there so take entry & set your stop loss below channel pattern.
As price touches the top of channel we can exit the trade with 14-15 % profit.
If you hold further then it will breakout...
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.
This scrip was posted in this platform yesterday and today it made high of almost 8% returns in just one trading session. I hope our followers had benefited from this post. Thanks to all 🙏🙏🙏
It has beautifully broken triangle and retrace also happen.
Another point is it is a expanding channel pattern in that there is a triangle breakout happen.
