LT


Update at 9:50 :

1. Breakout from Triangle at 9:50 so took an entry with 150 qty at the price 1638

2. Also, price is now above the previous day's high giving confirmation signal there could be potential uptrend

3. Stop loss is just few points below the black line i,e, 1610

4. Since the breakout happened before 12:30, target is our 2nd resistance line i.e. 1663.75

5. Volume is also good as the price increased which gives an additional confirmation that big players are playing role in it and not retail investors, hence we can rely on it.



Update at 11:15 :


1. I have plotted support zone above  where buyers are showing strong support and are not letting price to go down.

2. If price goes below this zone, then it is most likely for the trend reversal to happen


Update at 11:45



1. Price finally went above the earlier high and the volume is also good which means bullish trend will continue and we can hold on to our position

2. I have identified next resistance level where sellers have earlier displayed strong resistance and hence we need to be alert when price approaches that zone.


Update at 1:45:



1. We can observe that the price is struggling to go above the resistance line that I spotted earlier

2. But there is also good support from buyers at 1657, so it price goes below this, then I will consider it as reversal of trend and exit. 


Update at 1:50


1. Price went below the lower limit I set earlier so making an exit at the price 1657.10

2. Profit - (1657.10 - 1638)*150 = 2865