Bharat Financial : Trying to get Numbers Right !

i) There is inner range breakout 15mins available, if it breaks to downside, huge potential trade & instead if it breaks up it can turn out to be false breakout, as this will be early break on 1hr range.

ii) Either you can wait for the 1hr range to complete as per the lines, may take 2-3days also & Enter the hourly breakout

iii ) If aggressive, entering breakout direction in 15mins & reversing the trade on failure will be ideal

So it depends on what you wish to do.
Jul 06
Comment: Bad at updating, cudn't manage trading & updating simultaneously..
Now that it has broken out and retested the support level, its right on the edge of channel.
if it can break previous high above the pink line in your chart, a breakout from a 5 month long channel can be expected.
else a reversal, a big leg down.
InsiderB Einstein15
@Einstein15, Yes, I agree with you, even for Me until it crosses 755 comfortably , its not bullish yet !
perfect catch ! :)
+1 Reply
superb... :D
InsiderB MrAkshatP
@MrAkshatP, Thanks :)
Bt near 730 its making double top on hourly chart?
InsiderB himrsandeep
@himrsandeep, We need to go as per trade plan we have. I don't know personally what tradesetup you have, but if its breakout : stick with long , if its double top : enter shorts.

Seems confusing ? Nope not at all, thats how one should trade, Trade the setup which you have & followed regularly :)
Is this trade active now?
InsiderB himrsandeep
@himrsandeep, yes it is, if you take aggressive entry on breakout
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