The stock breakout from falling wedge and also accumulated good volume during breakout.
Now stock trading near swing high. If it breaks 1550 level, it can be consider as a break of structure(BoS) and Trend change.
20 days EMA crossed 50 days EMA from below.
If price closes above 1550 level in 4H or day time frame, we can started to take a position. To safe entry wait for retest and confirmation candle on 1550 support level
Target levels are expected 1680 and 1800 levels. Stop loss below breakout candle.
This is only for educational purpose.
Now stock trading near swing high. If it breaks 1550 level, it can be consider as a break of structure(BoS) and Trend change.
20 days EMA crossed 50 days EMA from below.
If price closes above 1550 level in 4H or day time frame, we can started to take a position. To safe entry wait for retest and confirmation candle on 1550 support level
Target levels are expected 1680 and 1800 levels. Stop loss below breakout candle.
This is only for educational purpose.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.