🔰 MY thought process : ⭐Amazing channel pattern, as historic data says: it comes to this trend line ( supportive one ) takes support and goes back to top one :) ⭐Buy low - Sell high type strategy it is :) well if it breakouts the channel that's a bonus:: hold a little more :) ⭐Risk: below the previous candle low and TGT 1 can be top of the channel.
🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in Coal India today as posted guys :) Also keeping an eye on JSW steel too seems bullish to me :) , All the analysis already posted :)
🔰 {Some info} ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
@VishalPG1, well bro if you are buying on a support level, the volume doesn't matter :), on a breakout many people enter so volumes get higher and higher and that's where you need volume :) so if u buy on a support level there might not be good volumes, take a risk and initiate a good potential trade as per your risk :)
riazmhdsalim
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keep going , Learning never end and never allow you to end...
Averoy_Apoorv_Analysis
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@riazmhdsalim, yep the sole purpose of posting here is to learn together, bcoz I am no pro if any flaws are detected in my analysis everyone is free to post their charts in comments I will get to know and learn a lot from you guys too :)