You can see, it is making a triangle and taking support from 200EMA while retesting. Best Pattern. On Monday today, with observation we can buy this BUY BELOW 2800 SL: 2731 observation in 15 mins timeframe. Target: 1st: 3150 (Risk to reward: 1:7) 2nd: 3280 (Risk to reward: 1:9) I never trade with Risk to Reward ratio, less than 1:4
Triangle with a positive breakout, in a retest phase. Buy position: Risky traders can buy on Monday, moderate risk-takers can wait for the last kiss. In both cases, Target is 1800 , so it will give you a great opportunity even if you buy a Lil bit late. TARGET 1800 SL: 1476 YOU CAN BUY WITH A GREAT RISK to REWARD RATIO 1:7 SHARE YOUR VIEWS in the...
Here you can see a triangle has been formed, the rally after breakout has somewhat exhausted yet, the price is taking support from the 200MA which is a good sign for the stock to still go higher. You can take a position if you want on Monday, @33.20, and Target for 1st Target: Between 36 to 37 2nd Target: Between 41 to 42 SL: Look for a right SL in a smaller...