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
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.
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.
Trade closed: target reached:
Did the target :)