nimbuz90
Long

Falling wedge divergence breakout trade

NSE:BHARATFORG   BHARAT FORGE
The stock gave a breakout from the falling wedge which was in formation for the past couple of weeks. Now the CMP is around 650 and we can enter above 650 based on further price action or around 645 when it pullbacks.

Enter - around 645-650 zone
SL - 635
T1 - 660
T2 - 665
T3 - 670

For study purpose
Thanks.
Trade active: Entered @ 654.2
Comment: Target 1 done @ 659
Trade closed manually: 660 zone was facing strong resistance. Hence closed my position @ 660
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