MPL breaking a monthly resistance
MPL breaking the Monthly resistance of 33.7 in a single shot due to news driven scenario.
Can complete the AB=CD harmonic pattern at 44.8 as the C retracement is 0.5
This stock can retest 33.7 for activity.. so better the enter only 25% of the position. as 42 is again a reistance for it
Pattern AB=CD
CMP 37.8
Aggressive Entry 37.8
Aggressive StopLoss 30.55
Aggressive RoR Min 0.97
Aggressive RoR Min 4.72
Reward 1 44.8
Reward 2 72
Part book levels can be 41.9/48.6/55.8/59.6
Since trading near resistance not advisable to entry full and better to enter a small part.. comfortable trading above 42 can let to adding more r near 33 if retracement comes..
Can complete the AB=CD harmonic pattern at 44.8 as the C retracement is 0.5
This stock can retest 33.7 for activity.. so better the enter only 25% of the position. as 42 is again a reistance for it
Pattern AB=CD
CMP 37.8
Aggressive Entry 37.8
Aggressive StopLoss 30.55
Aggressive RoR Min 0.97
Aggressive RoR Min 4.72
Reward 1 44.8
Reward 2 72
Part book levels can be 41.9/48.6/55.8/59.6
Since trading near resistance not advisable to entry full and better to enter a small part.. comfortable trading above 42 can let to adding more r near 33 if retracement comes..
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