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nimbuz90
Jun 6, 2018 6:58 PM

Falling wedge divergence breakout trade Long

BHARAT FORGENSE

Description

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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