DCB Bank is testing a major resistance at ₹189-₹190. It looks like a classic breakout is coming, but I’m being cautious here. I’m actually looking for a Bull Trap or a shakeout first to clear out the late buyers.
My Setup:
The Trap: Price breaks out, fails to hold, and dips back.
The Entry: I’m placing my limit orders in the Buying Zone (₹180 - ₹185). This is a much safer entry with better risk-reward.
Target: ₹200
SL: Daily close below ₹178.
Don't chase the green candle. Let the trap play out, then entry at support.
Not financial advice. Just my personal trade plan!
thanks
My Setup:
The Trap: Price breaks out, fails to hold, and dips back.
The Entry: I’m placing my limit orders in the Buying Zone (₹180 - ₹185). This is a much safer entry with better risk-reward.
Target: ₹200
SL: Daily close below ₹178.
Don't chase the green candle. Let the trap play out, then entry at support.
Not financial advice. Just my personal trade plan!
thanks
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.