Have shown good volume and entered the trade today. Stoploss is below the breakout candle. Will partially exit at target 1 and will hold some quantities in order to aim for ATH target. I am ready to accept the loss if the breakout fails.
Disclaimer: Not an investment advice, just my personal trade diary. Please do share your views and ideas as it will help us all grow together.
Trade active
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My entry is @516.45 and would like to average more if it retests. Breakout looks promising due to monthly timeframe. Will observe what happens.
@codered66 Rome was not built in a day sir it will take time as its on a Monthly Time Frame. It will either reach the target or hit the stop loss with time. Please do your own research and analysis before positioning.
codered66
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@BagkarSarv, bro i entered based on my research, then i saw your idea which is similar, i entered based on 1d chart and thought i would comment, maybe bo delay due to selling pressure in smallcap, lets wait
BagkarSarv
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@codered66 what might be your stop loss & target based on daily timeframe?
@codered66 risk reward is unfavourable and your sl may hit depending upon market conditions. Its a flag pattern consolidation and it may consolidate for a while until fresh buying.