Waiting for breakout in Britannia
Updated
After showing wide movements, Now Britannia
is narrowing its range
which doesn't suits its nature
Target on upper side is at 1340
and downward its near 1260
but as usual, if you wanna play risky then
buy at lower lip of mouth of triangle for a 2% move
is narrowing its range
which doesn't suits its nature
Target on upper side is at 1340
and downward its near 1260
but as usual, if you wanna play risky then
buy at lower lip of mouth of triangle for a 2% move
Trade closed: target reached
Sorry I wrongly mentioned name as britanniait must be Bataindia only
On 11th bata opened gapup so I didn't got fav. price to enter
but today, 12 May 2020, when lower extended gave me nice entry at 1295 spot
and I booked just now at 1320 spot
upper line too converging at same point.
**I traded futures as per spot price
Note
Hit 1390 todayTriangular breakouts generally give nice returns
with small SL
(I already exited)
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