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CT143
Apr 8, 2021 3:18 AM

SBIN | Pre-Breakout Long

STATE BK OF INDIANSE

Description

(Intraday / Swing / Positional) Trade | RR 1:2+ | Type:- Pre - Breakout

Reasons To Trade🤔 :- Stock Is In Overall Uptrend, Above 200DMA, Ready To Break- Flag Pattern / Falling Wedge = Both Supported By Fibonacci Retracement (50%) & RSI Divergence (With Good Consolidation).

INTRADAY = Entry :- After Clear Breakout or Retest | Stop Loss :- What Suits You | Target's :- What Suits You

SWING = Entry :- After Clear Breakout or Retest | Stop Loss :- 347 | Target's :- What Suits You

POSITIONAL = Entry :- After Clear Breakout or Retest | Stop Loss :- 345 | Target's :- What Suits You

-- Look For Healthy Volumes . Or Get Ready To Exit The Trade.

(Risk Must Be Managed.) :- Intraday & Swing = < 2% / Positional = < 5% (Good Risk Per Trade).

Keep Your Eyes On Index Or Any Bad News That Affect The Trade Or Market.

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-------------Any Suggestions--------------

Comment



More Confluence - Monthly/Weekly (Strong) Breakout - Then Retesting Support Level, Supported By 50% Fib Retracement.

Trade active

All Entry's Triggered.

Trade closed: stop reached

Stop Hit - Sharp Market Fall
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