Rectangle Pattern !

Updated
Canara Bank has formed a good Rectangle Pattern with alternate touches and good height. This simple pattern has broken the channel which could be used for a profitable trading. How to handle it please refer my earlier post
How to trade Range/Channel

1. Enter on the breakout.
2, Enter on the pull back to the breakout level.
3. Enter after the pull back or retest of the breakout level is over.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Trade active
Method 2 Trade Active Target range doubling 228. snapshot
Trade closed: target reached
Did the target :)
RectangleSupport and Resistance

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