as per technical view i see a channel type pattern, if there is above breakout I will look for long entry and how will I enter? I will wait for a pullback or if a big breakout i will look for small retracement and enter above and sl as below pullback of retracement. thankyou
Indigo has been in a range for past 7 months and now I can see some good buildup if it breaks 1900 level from where stock had fallen sharply 2 years back and a psychological level we can expect good move this time . I will enter swing if only once the level taken out. entry should only be after our plan goes right if it fails to break I would simply prefer...
logic- multiple test or a head and shoulder type pattern. If the above zone is taken out we can expect good move . sector too looks strong keep the stock in your watch list keep alert. short term trading. don't enter blindly on these stocks enter with entry patterns or wait for a pullback or else once breakout can enter sl as previous pullback as per your entry...
looking at past performance of the stocks we can see the rectangle pattern or range formation. as we got a breakout we know who is the winner. we will look for buying opportunity once the high is taken out and our sl as the small pullback candle with small buffer below zone . keep this in watch list
Intraday call I will look for entry with entry pattern. long biased look for a build up on 5min tf and breakout. entry only with entry pattern dont blindly follow if not getting entry then we simply wont enter
logic - the stock have given multiple level test. the zone looks weak we can enter long once the level is taken out if we see a small buildup then we can get a good move - simple analysis ( I'm not a financial adviser I just share my clean simple techniques ) less noise in the chart (( short term entry) enter with proper risk management
risk what you can consume