With more than the normal number of volumes, prices have currently surpassed the significant resistance levels of 638 for the years 2018 and 2020. We may think of it as an ascending triangle breakout for swing trading purposes. The charts show the stop loss and target levels.
- For the setup to be valid the prices should close higher than 775.8 on the daily chart today -Volumes > average - SL and Target mentioned in charts
Bullish Flag breakout on both daily and weekly time frame Set up is bullish and valid only if the prices close higher than 124.65 at the end of the day Volumes are good Stop loss and targets mentioned on chart
Why take this trade? A triple bottom breakout on the daily charts after retest + today's candle taking support on the rising trendline (higher lows connected) + good volumes When to initiate entry? The candle needs to close above 814.10 at the end of the day Exit? SL is 5% below the breakout level Target - width of the pattern projected from the...
#HIKAL On the daily chart, there is an ascending triangle breakout pattern. On the weekly time frame, there is a flat top breakout. Target: The triangle's width is measured and projected from the breakout level. Stop loss: 5% less than the breakout level.
According to the charts, there is a bullish flag breakout on the daily time frame, which is being supported by healthy volumes. The stop-loss is set to be less than 5% of the breakout price level. The target is projected to be 192 points above the breakout level, which is exactly the same as the distance between the bull flag's starting point and the...
We can see on the chart that candles are taking support at the support level of the up trending channel. The moving average set has also given a bullish crossover. Good opportunity to go long.
As per the marking on the chart we can spot the breakout from the channel also moving average set ( 14 ema crossing above 21 ema) is giving a buy signal. Based on the above two ideas, I think we can see a good movement for AUBANK with 1:2 RR.
As per the chart and markings you can clearly see that after the breakout from the channel and two retests we can easily see a strong bullish candle taking support at the resistance level of the channel in the hourly chart. It looks like a promising set up to long to see 1:2 risk to reward worth of profit.