Good breakout with retest done. Usually I trade only with Support or resistance breakout but will observe how this pattern unfolds. Concerns are market is quite agitated as of now. Nonetheless am ready to book the stoploss or book our targest by price of 300.
Disclaimer: Not an investment advice. Only for educational and notetaking diary.
Disclaimer: Not an investment advice. Only for educational and notetaking diary.
Trade closed: stop reached:
Saw a strong bearish candle along with bearish market hence exited early. hedged intraday short position to reduce our loss. breakout failed and booked small stoploss. good learning nonetheless.
Comment:
I may enter again if the price breaches 266 high with a good candle.