** Trade Plan ** --------------- Setup :> Here there is a Pennant Pattern Forming . So be a Positional Trader in the stock.
Entry :> Should be done on the Closest or on the lower trendline . Price Range in the chart above.
Exit/ Target :> Possibly the nearest Support shown in the chart.
Stoploss :> Stoploss should be kept just above the upper tredline . Risk : Reward. :> Very Good (1:3)
Position Sizing & Instrument to use :> Depends on the capital and BUY in the Cash Segment i mean equity only.
The Trade :> The Stock is looking to make an upside on an intraday chart of 5 mins. Our Task is to buy the stock as near as possible to the support zone .