HINDUNILVR - LONG WHEN FALLING WEDGE BREAKOUT
Falling wedge is a very powerful reversal chart pattern when it appears at a bottom after a prolonged decline. However, it can be traded as a continuation pattern as well.
Entry - 2420-2430 When price closes above the downward slopping upper trendline.
Stop-loss - 2275 ( Swing Low )
Target - 2600 and above.
Risk/Reward is poor. So we need to trail stop-loss aggressively once the trade is active.
I don't trade breakouts very often because it offers a poor risk-reward ratio.
Apply your trade and risk management.
Entry - 2420-2430 When price closes above the downward slopping upper trendline.
Stop-loss - 2275 ( Swing Low )
Target - 2600 and above.
Risk/Reward is poor. So we need to trail stop-loss aggressively once the trade is active.
I don't trade breakouts very often because it offers a poor risk-reward ratio.
Apply your trade and risk management.
Order cancelled
Price didn't break the upper trendline and it's also trading below the support level and lower trendline. 
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.