ajeetsingh
Long

Waiting for breakout in Britannia

NSE:BATAINDIA   BATA INDIA
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
Trade closed: target reached: Sorry I wrongly mentioned name as britannia
it 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
Comment: Hit 1390 today
Triangular breakouts generally give nice returns
with small SL
(I already exited)

Comments

it's chart of bata not britania, please verify
Reply
ajeetsingh elittehunter
@elittehunter, ya its my mistake that I wrongly mentioned britannia
it must be Bataindia only
Reply
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