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lets_learn_trading
Dec 3, 2022 11:57 AM

DHALBHARAT QUARTERLY H4 BREAKOUT Long

DALMIA BHARAT LTDNSE

Description

quarterly cpr width is narrow.

the breakout of H4 is too strong accompanied by range increase and volume increase as well.

the price might consolidate a while before resuming its upmove with target as QH5, or might give a pullback which can be as deep as yearly cpr or monthly cpr which consists both quarterly h3 and monthly L3 or pema.

safe traders can enter above monthly H4, with stoploss slightly below the confluence of QH4 & MH3 and target of QH5.

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