Swingtrader20192015

Break out from flag pattern in Bosch Ltd

Long
NSE:BOSCHLTD   BOSCH LTD
There is a strong breakout from flag pattern on daily charts today. Volumes of 2X can be seen on the breakout.

One more thing to watch out is that today price has crossed 50DEMA and shall be closing above the DEMA .

Try to enter between 12300-12400 for targets of 13100/13350/13700. SL will be low of the breakout candle on hourly chart i.e. 12100

Risk/Reward: 2.3/3.1/4.3

Enter only if price comes to the above range of 12300-12400. CMP 12540
Comment: Bosch is showing good up move. Wait with patience. It should come back for retest of trend line.

Entry is valid only if it is available in 12400 range otherwise let it go.
Order cancelled: What an jump in Bosch. Could not enter the trade. Trade cancelled.

Comments

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