We see that there is very perfect breakout trade. we have to find a best price for to get our entry. When we get a perfect trade we have also look for our exit plan because when market will not in our favour we have remove the position & then try to buy in deep.
1:- we have draw first a neat and clear visible to us that trendline is following the pivots. 2:- Then we have check breakout has given a proper green candle breakout. 3:- See the Risk of the trade & Target. 4:- Follow the proper rules until price will come to our entry point then we can make entry otherwise we should avoid that Trades. Follow me for such...
As you see on the chart price is stuck in a rectangle pattern so wee should look for a long trade because price want to go in long directional trade . But we need to know that what should we our proper entry and exit , without knowing target and exit we shouldn't enter in such type of trade . we have to protect our capital also then we survive in this journey of...
As i told you in CEAT trade that there is rectangle pattern breakout. All you can see that our target has been done in only 4-5 days.
As i told you that Target has been done. Our technical anyalsis has gone proper.
Today we will learn some a simple breakout strategies like Rectangle pattern breakout. As you see in chart price is stuck in range and give a breakout . So we can look for long in this stock, my viewpoint is going straight towards our target. Don't look as a investment take as a swing trade it will be better for long holding price should be in a bottom and there...
As we see on chart price is continuously retest a level of reistance. when a price is retracing more times then look for a breakout long trade. Let's see that price will give target or not. This trade is for only learning purpose take a risk for your own capital.
As you see on chart that price is continuously taking support on trade. We can look as learning purpose trade that price will take one more support give a small target till a resitance. If you want such type of learning trade then comment on post that i will updated on later post for new learning.
So today viewpoint on trendline has given a target . In this stock we get a trend favour and give us a target. We are planning this as a swing trade but it has given target in 1day
As you see in this chart there are two types of conformation. 1:- trendline breakout 2:- Rectangle pattern breakout trade in daily timeframe if daily candle close.
We are seeing that price is going up and price has break a certain range with full volume . What we are expecting that price has to come to retest and give some conformation then we can have a trade. That's we all have learn today....... Resitant become Support
We can take a swing trade or short term . purpose of this trade is a trendline breakout. if you want such type if trade follow me.......
price is coming from strong demand zone and we can look for now long trade . As per our given viewpoint we can also do a swing long trade or put as a investment it can give almost a 30% best stock to invest now. NSE:ENGINERSIN