DLINKINDIAD-Link has formed a textbook Symmetrical pattern that has worked out so far
Although it is a bullish pattern one should wait for breakout confirmation to enter.
Those who want to minimize the risk should wait for retest and may enter after confirmation.
The breakout must also be validated by the volumes or else it'd be just another Fakeout.
According to Fibonacci Extensions after breakout 168.70 is immediate resistance might consolidate there for a while
On the downside 144.15 / 136.60 / 129 / 119.65 are support levels
Company also has decent fundamentals
It's long call so one can keep stop loss according to their risk appetite.
Nota
Gave breakdown, now wait for the next support and enter at the right timeOperación activa
The trade is active again, It has reached it's breakout levelIf planning to enter then enter above 153 as a safe bet with targets of 208 intact
Closing above 153 would be a good confirmation of a breakout.
Those who wanna play safe wait and enter after breakout confirmation and put a trailing stop loss accordingly.
Operación cerrada: objetivo alcanzado
Performed really well targets reached beyond expectations although forgot to update the idea
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.