lkarthik1905

lkarthik1905

The trendline breakout happened with a good volume ,wait for the retracement to happen and then enter. target is 15% around 200 stoploss can be kept under the breakout candle happy trading!

lkarthik1905

a perfect book like triangle pattern is formed in challet hotels, entry on the breakout of the triangle pattern and the target can be all time high and above, keep sl below the triangle pattern .this stock has a bullish momentum previously and now is consolidating in this triangle pattern we can also consider this as a flag pattern or a penet patteren

lkarthik1905

will it give a big move if it break out happens? i am expecting a 100% move if the breakout happens ,the difficult part is identifying the real breakout when happening, already two upward move above the trendline failed and i think we can trust the third move above the trend line and enter

lkarthik1905

you can get a return of around 20% in this stock ,target is 400 keep an SL @ 308 and enjoy the ride HAPPY TRADING!

lkarthik1905

many people known the consolidation before breakout is good but fail to consider the consolidation (sideways move) after the breakout. it also gives a massive move. in this chart consider entering on the breakout of horizantle line (price closing above 206) .target is 265. happy trading!

lkarthik1905

wait for the breakout to happen ,the last green candle shows wick on top if there is a wick present at the breakout adjust the trend line to match the wick ,many people draw the trend line very closely or without considering the wick and assume the last green candle is the breakout candle but THE BREAKOUT IS YET TO HAPPEN

lkarthik1905

breakout of the trend line and retracing. perfect time to enter.weakly ema and daily ema support is there, sl is set below the weakly ema ,expecting a 20% move in a month .target is 820