DOW bullish chart pattern can be seen. High volume observed during previous top level. High delivery percentage also indicates bullish move. Target can be set at 1.5 to 2 times the risk keeping the stop loss intact
, , GODREJIND
, , GODREJIND
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Dear sir/madam
Well to find the breakout.The said breakout is valid from the stand point of
1 Sym triangle (orange lines)
2 Range (blue lines)
3. Dow with in the above period it self
Since the level is at all time high my humble opinion is to have minimum risk and hence the microscopic DOW theory may be considered for which the stop loss is only Rs 514 compared to the other type of patterns where the SL level is still low . The long trade plan is adaptable as supported by two indicators and hence may be successful
Good spot