Wavozen

7061 Double channel breakout

做多
Wavozen 已更新   
NSE:MOREPENLAB   MOREPEN LABORATORI
Reason for long
1. Market structure - bearish but reversal trade as volume picked up
2. Consolidation before the Breakout : 2 month consolidation
3. Support-Resistance levels: Entry near support
4. Supply-Demand zones: Demand zone as evident by volume
5. Location of 200MA or 200EMA: down trend as it is reversal trade
6. Overlap with a Fibonacci level : not applicable
7. Candlestick pattern and the size of candles : not applicable
8. Chart pattern: consolidation breakout trade
9. Volume expansion: not applicable as it is reversal trade
交易结束:到达目标

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