L&T Finance trade setup - Megaphone and Range breakout trade
Updated
L_TFH is on a verge of making a big move in either direction.
The range of 132.5 and 127.50 is going to be crucial.
In short take position in the direction of breakout/breakdown!
Buy L_TFH above 132.50 with SL of 127
Short L_TFH below 127.50 with SL of 132.50
The range of 132.5 and 127.50 is going to be crucial.
In short take position in the direction of breakout/breakdown!
Buy L_TFH above 132.50 with SL of 127
Short L_TFH below 127.50 with SL of 132.50
Note
.Will update the target once we take a position.
On a lighter note I am betting on a breakout in bullish direction (purely irrational and based on gut feeling). But in market we can not predict anything with certainty until it occurs. Lets wait and watch with our fishing rods!
Trade closed: stop reached
.Short trade triggered Feb 10,
SL of 132.50 triggered the very next day (Feb 11)
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