ABCAPITALflag pattern with strong volumes and but given false breakout.
if there is another breakout with strong volumes then target is 190
ABCAPITAL trade ideas
ABCAPITAL - Weekly - Breakout, Re-test & Reversal - Swing TradeThe above analysis is done purely based on price action and chart patterns.
The analysis is done on Weekly TF hence it can take couple of weeks/months to reach the target.
Trade setup (Entry, SL and Target) is shown in image itself.
Entry can be also be made based on Daily TF candles.
Safe Traders can wait for closing of candle above the reversal candle and then enter.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment for any queries regarding the above stock or price action analysis in general.
The same stock was analysed couple of weeks ago on Daily TF. Do check out the analysis linked below.
Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
ABCAPITAL - breakout from Bull flag + H&S pattern - SwingThe above analysis is done purely on basis of chart patterns and price action.
The analysis is done on Daily TF hence target can be achieved in a couple of days to weeks
Trade logic with, entry range, SL and Target is explained in image itself.
Arrows are marked to show how price behaved on important levels.
Don't chase the price. Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
Feel Free to comment for any queries regarding the above stock or price action analysis in general.
