Broke the resistance with a huge volume spike in weekly time frame. Good to go long.
Forming a Morning Star pattern at the support trendline.
Best entry would be near the zone area to have a great risk to reward ratio. Entry now or wait for the price to retrace till the zone area for a perfect entry.
Breakout after forming a falling channel pattern. Good to enter the trade with min. stop loss at the resistance zone shown over chart. Considering multiple time frame analysis, the stock has shown a strong green candle with volume support at the Daily Time frame. #happytrading #swingtrades
Retracing after breakout. Can enter based on Candle stick confirmation.
Good RRR & RSI divergence can be considered as a double confirmation to enter the trade at support levels.
Good to go for 7.5% target. RSI divergence is giving double confirmation
Good to enter at bottom support trendline or at the breakout candle.
Keep the stock on watchlist & enter only if it face rejections from highlighted zone. If it falls further, we can use fibonacci retracement tool to find support at 60% golden ratio.
Chart is very much self explanatory. Price is at support levels & logical targets are shown in blue.
The stock price is forming a parallel channel pattern. Description: Currently the price is at support levels of the channel pattern forming a double bottom & also the price reversal probability is confirmed by the formation of RSI divergence. Note: please check the market conditions before initiating any trade.