iamPotato

iamPotato

Stock: ULTRACAB (INDIA) LIMITED Industry: Electrical Products CMP: 173 Reason to trade: 7 year breakout + Good volume activity during last year + All time high + Pattern breakout

iamPotato

A descending triangle is a bearish chart pattern , lets wait for a breakout to take a trade.

iamPotato

Observation: Inverse Head and shoulder ? Looks like a cute sleeping baby. FMCG sector charts are also forming a similiar pattern. Lets wait and watch!! FMCG are defensive stocks hence its a good bet in these volatile market.

iamPotato Updated 

Reason for the trade: 1)Rounding bottom (Price action pattern). 2)S/R Flip with good volume. 3)Pullback trade on long side at 538 Sample position sizing for the trade: Portfoilio : 70,000 Risk : 2.00 % Amount at Risk : 1,400 Stock price : 538.00 Stop loss Price : 528.00 Loss per Share : 10.00 No of Shares : 140.00 R:R ratio - 2.6...

iamPotato Updated 

Reason for the trade: Inverse Head and shoulder Big red candle are seen in the pattern but prices are not moving down much forming base candles with long wick(Some signs of rejections to the downside) and also i will not enter the trade at current price but will wait to see the volume in the future charts while breaking 14876-14900 range. Target - 15200 ...

iamPotato

TRADE IDEA: Look for a short opportunity on NSE:ASIANPAINT at 2500 Short entry: 2500 SL: 2555 Risk:Reward - 1:3 Reason for the trade: FTR supply. Sellers are on command in this stock as price is being sold on every small rise and price comes down with good momentum. Disclaimer: Author may enter in trade so take your own decision. This is an trading...