ZEEL : Breakout Candidate

#zeel #trendline #breakout #patterntrading #chartpattern #cupandhandlepattern #momentumtrade #swingtrade

Zeel : Swing Trade
>> Trendline Concept
>> Cup & Handle chart pattern visible
>> Moving Avg Concept also suggests Breakout of 50 EMA
>> Breakout point of Trendline / Chart Pattern & Moving Avg concept are all in confluence at same point. (Refer both charts)
>> Hence its a Breakout candidate, probability is higher
>> Upside potential is of 20-25% & Downside Potenial is 9-10%
>> So a good 1:2 Risk Reward Trade

Swing Traders can lock profit at 10% and keep Trailing

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Note : Markets are still Tricky and can go either ways so don't be over aggressive while choosing & planning your Trades, Calculate your Position sizing as per the Risk Reward you see and most importantly don't go all in

Disc : Charts shared are for learning purpose only, not a Trade recommendation. Do your own research and consult your financial advisor before taking any position.