deep4455

Trendline breakout in GMMpfaudler

Long
NSE:GMMPFAUDLR   GMM PFAUDLER LTD
Hello Guys, welcome to another analysis, GMMpfaudler has broken out of a wedge and a trendline today, seems good for a target of 3-5% in short term.
Do keep SL around 4700
Targets 3-5% . Trailing can be done.
Trade closed: stop reached: SL triggered in 2 days

Comments

Sometimes buying after a breakout can be very painful. How to identify a false breakout ! Any idea ?
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deep4455 Redfox44
@Redfox44, usually most breakout test their breakout level/resistance ( which now acts as support) again. If they show reversal signs, it's a healthy breakout.
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