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NeeteshJain
Jan 17, 2017 4:12 AM

MOTHERSUMI TRIANGLE BREAKOUT Long

Description

It is been observed on the hourly chart that the price action breaks above the symmetrical triangle indicating a further move up.

Target: 336

Target: 340

Stoploss: 328

Trade active

Trade active

Good time to enter this one as it has taken the support and now moving up again. Regards

Trade closed: stop reached

Lesson Learned: False Breakout as volume increasing after the breakout and not at the time of breakout.

Comment

Read the chart to understand, How big players create a trap for retail traders



Regards
Comments
ravi2126
what ur view now neetesh bhai
NeeteshJain
@ravi2126, It is still consolidating between the range of 335-325. Any breakout above that zone shall decide further movement in the market. Regards
ravi2126
@NeeteshJain, k ...thnx for reply
ravi2126
downside target sirG ?
NeeteshJain
@ravi2126, I shall update you after the first hour market session. Regards
rajesh2467
Very nice analysis. good learnings for us. thanks.
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