TITAN - LONG
Reasons for going long and Setup (Positional Long):
1) About to breakout from bullish flag consolidation.
2) Crossed resistance which is now a support.
3) Trading above 50 and 100 EMAs
Entry: Can enter after breakout with good volume. Ideal entry above 1,056.00
Stop Loss: Place at or slightly below the support zone. Safe players can trail stop loss once crossed 1,070.00.
Target: First target can be the top of the pole; 1,080 to 1,085 levels where there is a resistance.
RR Ratio: 1.27 (Entry - 1,056.50; SL - 1,038.00; Target - 1,080.00)
Note: Keep a close watch on NIFTY 50.
1) About to breakout from bullish flag consolidation.
2) Crossed resistance which is now a support.
3) Trading above 50 and 100 EMAs
Entry: Can enter after breakout with good volume. Ideal entry above 1,056.00
Stop Loss: Place at or slightly below the support zone. Safe players can trail stop loss once crossed 1,070.00.
Target: First target can be the top of the pole; 1,080 to 1,085 levels where there is a resistance.
RR Ratio: 1.27 (Entry - 1,056.50; SL - 1,038.00; Target - 1,080.00)
Note: Keep a close watch on NIFTY 50.
Trade fermée: cible de profit atteinte
First target reached. Can trail SL if needed
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.