-> Entry as per different opening on 10 Jan have been mentioned. -> SL as per entry have been mentioned. -> Target is 256. Reasons: 1. Stock de-merger is happening on 17 Jan 2022. 2. Consolidation after good upside movement. Note: Exit trade before 14 Jan 2022.
All levels are marked in the chart. Follow risk management strictly.
Entry is subjective when conditions are fulfilled. All levels are mentioned in the chart. Follow proper risk management. Happy Trading!:-)
-> Ascending triangle formation in an uptrend. -> All levels are mentioned in the chart. -> Use proper risk management.
-> Inverted H & S pattern formation -> All levels are mention in the chart. -> Use proper risk management. Note: RBI monetary policy meeting (conducted on 6,7,8 oct, 2021) result will be out on Monday.
-> Ascending triangle formation in an uptrend. -> Levels are mentioned in chart. -> Use proper SL
Buy only if day closing is above 57.8 & corresponding volume above 56 M. Target- 68.2 in 2-3 weeks. Reason- Ascending triangle breakout, (formed at second should of H & S pattern). Confirmation- RSI Note: Only enter if day closing is above 57.8 & volume above 56 M, else don't enter.
Breakout and retest done. You can go long.
As you can see an obedient trend line on weekly chart. One can go long at 73.387 as we see a strong support near trend line . P.S. this is my study & point of view not a suggestion.