@thewealthcreator94, i played safely because there are Many people who keel sl in system and they are kicked out in Wick
I follow strictly weekly close levels.it comes out to 350 min.
Qty to be bought is max 1/3 or 1/2. As breakouts can fail 100% qty cna give you big loss. When it breaks out ads rest of the qty and bring overall stoploss below breakout candle keep margin of 3 to 5% form low. Then you will get good RR or you stop loss can come near tl entery price.
I've seen people wait for breakout wait for restest and then enter. Even if they palce sl below previous swing low RR is very low. This is. breakout Trade risk is high so is the reward.
@guptagaurav825, It's a weekly chart. You have to wait for at least 2 to 3 months. Else book your desired profits on short term basis on daily timeframe.
What SL would you suggest ?