No recommendation for buy and sell
All chart discussion on chart
Strictly have stop-loss as per your risk
Market volatility
Bearish market conditions
Don't no what will happen
Struggling to find time for trade management?
- Take Daily trades at 3: 00 pm every day
- Try to exit by taking 4-5% profit from each trade
- Trade can be held for 1 week
RESISTANCE Breakout in ANUP
TPL Plastech Currently at :
50 EMA support
Fibo 0.618 Support (Golden ratio)
Bullish Flag Continuation pattern
Volume Contraction after big move
and
RSI Support level.
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days...
TPL Plastech is looking good on weekly time frame. Stock has given inside bar breakout in last week and sustaining above inspite of weak market condition. Keep on radar.
TPL Plastech is consolidating and forming multiple inside bar. Keep on radar for breakout. Seems good consolidation is going on & stock is getting ready to break consolidation range.
Detailed View about this Breakout:
No.of Resistance: 5
No.of Support: 6
Consolidation Days: 600+ Days
I Post educational chart for 3 Swing / Potential Stocks Everyday.
Check Related Ideas section for more Swing Stock analysis.
In the Weekly Chart of TPLPLASTEH ,
we can see that, after the Big Cup & Handle failure,
it has created a vert strong bullish candle on trendline.
Enter at 42 with SL as 38.50.
Book your profits as per your RR trade plan.
If you want to go long then hold till 72.
In the Weekly Chart of TPLPLASTEH ,
we can see that, after the failure of Cup & handle it is showing a strong consolidation.
Descision making candle is fromed on cross trendline.
Enter on breaking its high with low as SL and Go Long.
