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Consolidation and Breakout

Education
NSE:BANKNIFTY   NIFTY Bank Index
Simple strategy to determine whether a market is in trend or not.
Breakout implies trending of market.
Consolidation shows market is range bound.
Scaling in 4 times the time frame will show the activity in details and Entry into the market can be done in smaller time frame.
This strategy is suitable for both Range traders as well as trend traders.



Possible entry exit will be shown in next link.
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