Mangalam Drugs has been attempting to break the 155 level, with its previous attempts getting rejected. But this time, with the solid foundation of a Double Bottom base, & a Symmetrical Triangle formed near the resistance zone, the chances of a successful breakout increases.
Following points to note before initiating a Long trade:
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1. Price keeps getting rejected from a resistance zone around the 155 level.
2. This time, price breaks out of a Symmetrical triangle near the resistance zone
3. A double bottom base provides a good foundation towards the eventual breakout of the resistance zone
Keeping the above points in mind, a long can be initiated as follows:
Entry CMP
SL 139
Targets of 1). 175.3, which is the Symmetrical triangle Pattern height, 2). 182.7
As always, keep your risk appetite mind before taking any trade. And always enter your SL first.
Following points to note before initiating a Long trade:
--------------------------------------------------------------------
1. Price keeps getting rejected from a resistance zone around the 155 level.
2. This time, price breaks out of a Symmetrical triangle near the resistance zone
3. A double bottom base provides a good foundation towards the eventual breakout of the resistance zone
Keeping the above points in mind, a long can be initiated as follows:
Entry CMP
SL 139
Targets of 1). 175.3, which is the Symmetrical triangle Pattern height, 2). 182.7
As always, keep your risk appetite mind before taking any trade. And always enter your SL first.
거래청산: 스탑 닿음
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.