RKFORGE Rectangle Consolidation Breakout
Diupdate
#RKFORGE CMP 618
Stop Loss below 560
Multiple resistances broken in the range of 610 to 615
Breaking out of 4 month long rectangle consolidation/formation
Nice volume spurt
Positive breakout
May fire for an upside of 22% considering the rectangle mouth length
Disclaimer -
- The view expressed here are my personal views. I am publishing this for my own records and what I see on charts.
- If you're referring to this, please consider this ONLY FOR educational & research purposes.
- Past performance is not a guarantee for future predictions
- Any decision you take, you need to take responsibility for the same. DO NOT consider this as an investment suggestion.
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- Do your own analysis and consult your financial advisor before investing.
TIA!
Stop Loss below 560
Multiple resistances broken in the range of 610 to 615
Breaking out of 4 month long rectangle consolidation/formation
Nice volume spurt
Positive breakout
May fire for an upside of 22% considering the rectangle mouth length
Disclaimer -
- The view expressed here are my personal views. I am publishing this for my own records and what I see on charts.
- If you're referring to this, please consider this ONLY FOR educational & research purposes.
- Past performance is not a guarantee for future predictions
- Any decision you take, you need to take responsibility for the same. DO NOT consider this as an investment suggestion.
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- Do your own analysis and consult your financial advisor before investing.
TIA!
Trade aktif
Moving as per expectations. Post breakout, it did the retest and respecting 20 day EMA. I feel there is still some up-moves to come in this scripTrade aktif
Good consolidation happening. An upmove may come post 670 levels
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