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Ultimate_Trading_System
Aug 27, 2020 4:09 AM

A Head and shoulder spotted 

Description

1. head and shoulder spotted
2. wait for a breakout/rejection
3. Enter with neckline as your risk


**trade safe and be a responsible trader**
**Learn, there is no other way**

Comment

Comments
mentalFish39192
I have entered at 55.50 level. do you think its a good level to enter
Ultimate_Trading_System
@mentalFish39192, Hi, Looks ok, You entered earlier than showed here on the breakout, so once the breakout is done, you can manage your sl(s)
mentalFish39192
@Ultimate_Trading_System, Today its trading above 58 levels as i had expected once it if out of F&O. Should i hold till above 60 levels
Ultimate_Trading_System
@mentalFish39192, All I can comment on this is that you can trail your stops on a smaller timeline too for any higher targets you might be looking for.
mentalFish39192
@Ultimate_Trading_System, ok thank you..in todays news ( Price Band Revised From No Band To 20%: Century Textiles, Equitas Holdings, Ujjivan Financial Services) the price band has been increased now. Is this a good thing?
Ultimate_Trading_System
@mentalFish39192, :) Are we trying to justify our trade here? Whether it is a a good thing or bad, try and not justify your trades with such info - This is an honest humble advise from a veteran!
mentalFish39192
@Ultimate_Trading_System, haha true that. Usual habit of justifying our trade. Cant agree more. I just go with my conviction. Was expecting 60 levels by next week. if it reaches will book profit and exit. If it again reaches buying levels will again enter. Thanks for the advise
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