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The_SharkTrader

False breakout set up

Long
MUKAND (NSE:MUKANDLTD)  
The_SharkTrader  
NSE:MUKANDLTD   MUKAND
Trend Analysis Chart Patterns falsebreakout reversalpattern
3
0
trendanalysis chartpattern falsebreakout reversalpattern
1. Early entry for a false breakout has high reward & small risk but probability for taking SL goes substantially high
2. Wait for closing SL, but it is false breakdown then chances are remote to hit the low
3. Risk to reward is 1:12
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