mahhisingh

a good consolidation break out

Long
NSE:SCHAND   S CHAND AND COMPAN
target are mention in chart
intact with your stop loss as per your target.
Note-
just drawing the lines are not conformity for taking trade in any, there are more than that .
here what we see?
we see at the green support zone price took support and moved up (3 times). At 4 th time price didn't move up but consolidate here.

So whenever a good consolidation(winning probability 60% )take place & there is a good engulfing bullish candle ,it is a indicator of control the price movement by bulls.

LEARNING POINT-
Do your all analysis whatever you can before entry.
After entry there is no analysis.
Either stop loss or target
thanks you




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