Channel breakout Third instance of checking the resistance on channel. Short below 750 with a target of 680 and then TSL. SL 782.
Chennai petro is testing resistance If it decisively breaches resistance this will become support. Hence a trade should be triggered with formation of a candle above the resistance Long position to be taken with formation of candle above 467
Arvind Channel trade Past Resistance @410 Long Position to be initiated @411 to ride the channel with SL of 402 Low of green candle body
ACC Ascending triangle breakout Resistance @1817 Long Position to be initiated If 1817 is broken decisively. for a target of 1870. with SL of 1795. Low of green candle body Alternatively sell 1780 PE @ 27.50
Probable Bearish ABCD: Post formation of ABCD will short for a target of 419 (.382 retracement) with SL @high of the candle. Entry @low of the red candle.
Support Breakout: Will wait for the formation of next red candle and short post the breakout of support With SL at new resistance and target would be the next support @551.50
Channel Trade. The script has been moving in the channel. Will go long @620 for a target of resistance on the channel Keeping SL as low of the red candle
Channel Trade Wait for formation of green candle and long @65 for a target 90 (Resistance). Will use TSL post 5 point gain. Keeping SL @61(support)
Channel Breakout Trade The script had been moving between the channel. Will wait for channel breakout and wait for the next candle formation. If it breaches the resistance will buy it keeping the SL at new support which is previous resistance. Alternatively if a red candle is formed we can short keeping 1 point above the existing resistance as stop loss. Need...
Bearish ABCD Pattern Short after formation of next red candle and keep the stop loss as top of the green candle