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Positionalcall

ASIAN PAINTS - Triangle Pattern There is a Triangle pattern formation on Asian Paints Hourly Chart and in fact, the prices did close above the triangle resistance trendline today. But there is definitely a BUT in this stock, and you must be thinking what it is? Let me tell you, usually the valid triangle breakout , or you can say breakout that see a great movement is , when the price breaksout within 2/3 area of the traingle, but in this case , price has reached quite closed to thc convex area, and when such kind of price movement is seen , prices usually move sideways or also came with th range. Now you must be thinking, if there is so much But in this stock, why m i discussing it here as a probable trade, because, its higher timeframes are super bullish, hence this stock may test so much of a traders' patience, but it could be worth it considering good risk-reward ratio, it could be a good long position trade. So a Positional Stoploss can be placed below 2900 level, and stock could be bought dips or in consolidation if happens. Disclaimer : The post is for educational purposes, if you are trading this, you are trading at your own risk. Let me know your views on this stock.
NSE:ASIANPAINTLong
by manuagarwal21
MATIC/USDT (SHORT POSITION) BIG CORRECTIONEntry: $1.85 Stop Loss: $2 Take Profit: $1.25 Risk:Reward 1:6 *Leverage: 5x Analysis: Matic has failed to retest the daily resistance at $2.56. Due to BTC correction for the next few months, I expect it to follow the downtrend for a while. Lower High on Daily Chart and 4H chart shows the weaknesses of its uptrend. Therefore, I am looking at the support at $1.5. Once its broken, further down to $1.25 for our take profit area. All The Best
MShort
by fakerhi
2
DELTA CORP LTD Long term trendline BreakThe stock has broken its 3 years downtrend trendline in Dec 2020 and has been able to sustain above it and consolidating in the range of 200- 150. Currently, prices are trading at and taking support at the lower range. And it is likely that it might bounce and move towards the upper side of the range at the minimum. One more positive thing to notice here is the higher high and higher lows structure of this recent rally that started in March 2020. This could be traded with a stop below 140 levels for an initial target of 200 and if the stock reaches its initial target, it could be trailed for higher targets. Type of Trade: Positional
NSE:DELTACORPLong
by manuagarwal21
1