h&s breakdown
Comment: breakdown only below 264
Trade active: trade active
Trade closed manually


Any view on SBIN ?
SBIN result is bad !!
Thenever up , should hold or exit ?
I didnt understand why many stock trade exactly like nifty ??
Check day chart u will found same candles in all time .
Whats the use for trading in those stock which follows nifty , becuase its like we are trading nifty
Even beta is like that but still whats the logic .
So any good suggestion for this ?
kacharts MohitArora
@MohitArora, there is no reason to get dishearten . this is market , there is nothing called absolute certainty in this thats why we use sl for trades so that in case pattern fails it will protect from big loss. plus in edward nd magee its written any breakout or breakdown is valid only if price breakdown or breakout by a margin of 3% ( which in this case or any case not followed by me ). so now onward i should keep this also in mind.
MohitArora kacharts
I dont mean to that but i want to convey that if stocks are following nifty most similarly then whats the meaning of trading in that stock , its like we r trading nifty ??
Yes thats the good point you have informed that 3% breakdone is more reliable.
Also i got the early signal for reversal in Coal india when it create doji in 1 hour time frame and close near 260 in hour TF if you have noticed but it was same as nifty , means nifty also made doji at that time and revered.
Helo.Time frame and targets?
kacharts GowriShankar
@GowriShankar, 233 target .
time frame- jab tak target ya sl na hit ho jaye
@kacharts, thnk you
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