wockpharma chart analysis
wockpharma chart forms to breakout triangle pattern upside and downside.
for buy close above 460 target 520 , sl closing base 450
for sell side close below 439 target 410 ,sl closing base 455
1) At the downtrend support in 4H chart
2) 4H 200-MA resistance
3) CNXPHARMA shooting star formation on Previous day
Still in my analysis, I haven't figured out how to determine the target. I am sorry for that.
Declaration: please trade at your own risk. Like other traders, I too had a phase when I lost money by blindly following other's...
Entry should be above 450 if sustains
Rest mentioned on the chart.
"Idea by MALKIAT SINGH"
Recently,We launched TruStox Community, A community driven platform for Traders with almost all features that a trader needs.
Here are some of them:-
Regular Study Conferences
Collective Fundamental Research
Access to Tools from Trader's Toolkit
& many more.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...