Ratna_Prakash

Ratna_Prakash

The bigger picture clearly shows the converging symmetrical triangle pattern and its getting ready for the breakout. 90% of the time breakout happens in the direction of the existing trend. While breakout please look for the volume and confirm that its not a false breakout. Stay safe ! Trade safe !

Ratna_Prakash

Look for the breakout levels. Dont get trapped by the false breakout. If price is strongly pushed back by the resistance then go short NOTE : Current price is trading above 200 MA Trade safe ! Stay safe !

Ratna_Prakash

If the price closes/falls below 185 then there is a high chance that it can reach 173 which acts as a support. If the price breaks 190 and the upper trend line then the target is 210 185 to 190 acts as a crucial zone. So wait for a confirmation in either of the direction. Trade safe ! Stay safe !

Ratna_Prakash

Wait for the prices to breakout If it breaks downward then the next support will be 157 to 152 If it breaks upward then the next resistance (Target) would be 200. If the stock is bullish then it can target 236. Trade safe ! Stay safe !

Ratna_Prakash Updated 

If ASHOKLEY is bullish then following are the possible levels Now it is being tested at level .316 Fib. Wait for the price to cross both the downtrend lines. So the safest entry (if bullish) is when price exceeds 46.5 First Target 51.5 If it crosses 51.5 then Second Target 54.20 which is 0.382 Fib Third target 60.5 which is 0.5 Fib Fourth target 67 which is 0.618 Fib

Ratna_Prakash

Wait for the prices to reach the above mentioned levels. Once it has crossed the level and when RSI is above 40 we can go long ! Please correct me with your valuable feedback :)

Ratna_Prakash

Im just a beginner with my own analysis based on my level of understanding. Please help me in making me a better person by giving your valuable knowledge and comments.