SHRIRAMFIN formed an ascending triangle pattern on daily chart and broke out of the pattern today. With multiple support and resistance tested, appears to be a bullish breakout. Stoploss can be held just below the breakout candle with target the size of broader edge of triangle. You could trail stop loss with either 2 ATR (Average True Range) or 10 EMA (Exponential Moving Average).
Hope you like this analysis. Please boost this idea if you like it or leave a comment below on what you think. Otherwise happy trading :-)
Hope you like this analysis. Please boost this idea if you like it or leave a comment below on what you think. Otherwise happy trading :-)
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
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"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.