it is approaching towards 800 levels, so entry should be initiated 800-815 levels.
In these types of patterns breakout fail most of the time.
Breakout people buy at breakout of this long range but if we initiate trade entry earlier then we will Square off at those levels where 90% of people rush for buy.
Tip & Tricks-
.we must be entry earlier than most of traders.
.range bound, broadening pattern, channel pattern etc. try to not enter at breakout, enter at lower support levels so we can supply at breakout levels to those traders.
In these types of patterns breakout fail most of the time.
Breakout people buy at breakout of this long range but if we initiate trade entry earlier then we will Square off at those levels where 90% of people rush for buy.
Tip & Tricks-
.we must be entry earlier than most of traders.
.range bound, broadening pattern, channel pattern etc. try to not enter at breakout, enter at lower support levels so we can supply at breakout levels to those traders.
Trade active
took entry today...Entry-815
SL- 764.5 or 6%
I am expecting target 980-985(20%)
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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.