This is for your learning skills. Already in past to told your how we can avoid false break out. But not always as part of trading.
So watch the BDL stock & follow below points for your education & learning.
1) Bullish Break candle at resistance area.
2) Very low volume as compare to previous High volume on bullish candles.
3) RSI not able to cross 60 levels. Daily & weekly also below 60 EMA.
4) High resistance zone near 925. So Risk to reward not good.
We may be wrong but rigorously follow our trading plans to avoid loss.
Hence, Point nos 2 to 4 are negative biased . So currently we must avoid buying. But if stock retest & move upward again then we can enter in the trade as re-test entries are more powerful move.
So watch the BDL stock & follow below points for your education & learning.
1) Bullish Break candle at resistance area.
2) Very low volume as compare to previous High volume on bullish candles.
3) RSI not able to cross 60 levels. Daily & weekly also below 60 EMA.
4) High resistance zone near 925. So Risk to reward not good.
We may be wrong but rigorously follow our trading plans to avoid loss.
Hence, Point nos 2 to 4 are negative biased . So currently we must avoid buying. But if stock retest & move upward again then we can enter in the trade as re-test entries are more powerful move.