I have plotted a triangle pattern for Barbeque nation & expected it to cross above Triangle high, But it got consolidated & is forming a Channel pattern. I have decided to observe the stock & give a entry when it consolidates near bottom of the channel pattern near Rs. 1080 & expect a target of at least 1150 & max profit can top of channel pattern
P.S This idea is for educational purposes only
P.S This idea is for educational purposes only
Trade active:
Target did'nt reach as anticipated in time
Comment:
Waiting for uptrend or stop loss hit
