TradingView
Aayush_Rungta
14 okt 2021 07:32

Traingle Pattern - Breakout Confirmed Utbildning

FIRSTSOURCE SOLUTINSE

Beskrivning

FSL had been trading in a long term parallel channel and short term triangle pattern.
It witnessed a breakout of Short term Triangle Pattern with good volume and this coincides the bounce from long term trend support in parallel channel.

It will be interesting to see if it can reach its recent high and the targets marked in black horizontal lines in the chart itself.
The RSI and MACD are also set up beautifully and the momentum seems good for some upside movement.

Kommentarer
manoja12001
This trade would have been a disaster. Any idea why it went down after a breakout with decent volumes?
Aayush_Rungta
@manoja12001, Sometimes trades dont follow the book. I had a stoploss at 193 which was the recent low to exit in case this happens.
Mer