Bank of Baroda has formed Ascending triangle pattern on Weekly time frame, it has broken out of the pattern on daily TF but needs to close above the resistance level on weekly TF for fresh trade.
Entry: Breakout of structure (weekly closing basis)
SL: (For aggressive traders)-170 (For safe traders)-150
RR: MINIMUM 1:2
Let the weekly close happen first before taking entry.
Entry: Breakout of structure (weekly closing basis)
SL: (For aggressive traders)-170 (For safe traders)-150
RR: MINIMUM 1:2
Let the weekly close happen first before taking entry.
Trade active:
Breakout on weekly TF confirmed.
203-230 is supply zone on monthly chart, so there is possibility that it may reverse from there. Risky. Avoid, just observe the chart if it breaks out of supply zone or not. Don't Trade.
203-230 is supply zone on monthly chart, so there is possibility that it may reverse from there. Risky. Avoid, just observe the chart if it breaks out of supply zone or not. Don't Trade.