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shadowthenoobtrader
Aug 10, 2022 12:55 PM

How did I time my entry in SAIL? Long

STEEL AUTHOR INDIANSE

Description

Well, many traders spotted the head and shoulder pattern, but it can be seen that stock didn't move much after the breakout but consolidated in a rising wedge for some days(which is generally a good sign).

Now, in the morning I was looking for an entry so after looking at the 1-hour time frame, I found a perfect triangle rising wedge pattern, so I was waiting for a 1-hour candle to close above the trend line. I took entry at 79 with half quantity and on the retest, I added my other half.

Entry, Target, and Stoploss are mentioned in the chart.


Thank you!

Comment

Target 1 achieved.

Trade closed: target reached

Trade closed: stop reached

Comments
shadowthenoobtrader
@vanathi can you please review this? Thanks
vanathi
@shadowthenoobtrader, 78 - 82 should sustain to move up further.
shadowthenoobtrader
@vanathi Target 1 achieved
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