IDBI BANK LTDLong
Cup and Handle pattern breakout
Updated
These are risky trade before Jackson Hole Event. So I Would like to take these as BTST trades for tomorrow. The following are the reasons for taking this trade. For BTST take profit of 1% - 2%. Exit for a stop loss of 1% on closing basis of 15 min candle.
1. Cup and handle Breakout
2. Continuing Rising Volumes
3. Closing Price above Resistance level
Please consider these ideas for educational purpose
1. Cup and handle Breakout
2. Continuing Rising Volumes
3. Closing Price above Resistance level
Please consider these ideas for educational purpose
Trade closed: target reached
I got my 1% target completed. So i am exiting
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