Railtel Breakout
Updated
There is a breakout seen through falling resistance trendline (yellow line)
On Breakout there is a rise in ATR as well as good volume
On a 4h chart , it also corresponds to pole and flag
Overall volume of a couple of months indicates bullish momentum
There is also bullish divergence in stochastic (marked by pink line on stochastic indicator)
Tgt =144 Sl = 125.75
On Breakout there is a rise in ATR as well as good volume
On a 4h chart , it also corresponds to pole and flag
Overall volume of a couple of months indicates bullish momentum
There is also bullish divergence in stochastic (marked by pink line on stochastic indicator)
Tgt =144 Sl = 125.75
Trade closed manually
False Breakout , Exit trade
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