looks like there is a good news for the hotels in India.
50 MA turning over 200 MA. Drop in volatility. waiting for confirmation
my candidates #lemontree above 28 and #Indianhotels above 100
Identifying breakouts.
Volatility Contraption Method.
Upside breakout candle of 4th June has a strong volume which confirms the breakout.
Today it is stuck at 10% upper circuit. #SpiceJet Let us see how it unfolds now. Should fill the gap at 60
Trade 2 #IDBI
Didnt give an entry price. If anyone bought at 20-25 with a stop loss of 2-5 Rs. was purely scrapping bottom. Rewarded highest with 80% upside (4th continuous upper circuit)
Purely one of the best examples of Risk Reward ratio #educational#PriceAction
Trade 3 #Rainindustries
Classical drop in volatility in every swing low (cup). I think we are in the handle stage now and it should breakout 78-83 region. Another rocket about to launch ?
125 should be easily possible in two weeks time then