Waiting for reversal candle or breakout . After the breakout or after bearish candle formation near resistance level trade confirm .
When price break the Multi Year resistance level and consolidate above the resistance level and break any pattern in short term time frame then high probability price continue the trend .
I just love this type of chart structure. when price consolidate a tight range and break the boundary . As per thumb rule maximum time price break the boundary in the trend direction .
07 Months long consolidations #Breakout . Our work is manage our quantity and risk .
Price trading near its important fibo level 4.236 . This quarter results decide the direction of IT Sector .
When price break any well defined boundary without any consolidations then high chance price may be consolidate time or price .
When price break any well defined boundary above 200 Day Moving average with high Volume and sustain then high probability price continue the trend . Our work is only Manage Quantity and Risk . SL- as per your risk appetite ( Below today's candle low or below 200 DMA Closing)
After the long consolidations price the boundary and fundament looks good also . We will see new this stock if our market sentiment not turn to Negative .
Self explanatory chart setup . Our work is only Manage Quantity and Risk .
When price break well defined pattern boundary with high volume above 200 Day Moving Average then high probability price continue the trend . Out work is only manage the quantity and risk .
When price consolidate near 200 Day Moving Average and break the upper boundary with high volume then high probability price continue the trend .
Previous resistance becomes support now . You can place stop loss near -175.00 (Daily closing ) or modified as per your risk and always quantity under your control .
Larger the Consolidations Stronger the breakout and this stock belongs from high risk and reward category so managed your quantity and risk as per your risk taking capacity .
When price consolidate near 200 Day MA and break any pattern boundary ( Inverted Head & Shoulder) then high probability price continue the trend . Our work is only manage our risk and Quantity .
I am bullish in this sector because of price already made a inverted head and shoulder chart pattern in weekly chart and now trading to its important support Zone . In daily chart set up price consolidate above 200 Day MA and Break the upper boundary of the consolidations zone . So high probability price continue the uptrend .
When price consolidate above 200 Day Moving Average and break the upper boundary with extremely high volume then high probability price continue the Trend. Our work is only Manage Quantity and Risk .
When price consolidate above 200 Day Moving Average and break the upper boundary with extremely high volume then high probability price continue the Trend. Our work is only Manage Quantity and Risk . STOP LOSS - AS per your Risk or below Today's candle Low
When price consolidate near 200 Day MA and break the boundary high probability price continue the trend . I think #banknifty structure changed sell on rise to buy on Dip .