- Right now, there is a proper rectangle box pattern being formed - Accumulation is in process with Volume Spikes - On the Break of the box with a retest will give for a good re-entry - New Target Levels have been marked and shared
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SONATA SOFTWARE Update (as on 4th April, 2024)
Possibly one of my worst re-entry trades ever:
- After makinng 14% our TSL was hit (lost 1.5%) making it around 12.5% in the first week of February for our initial trade - Thereafter, the stock fell back to our Weekly Support Zone and we were watching the stock carefuly for a consolidation and pullback - But what we got was a proper fake breakout (as seen in the image in a daily TF) - And the stock fell continuously for the last 10 sessions, and my SL (of 6.5%) was Triggered at the bottom of the box
Note: - I do know that whenever, the pullback happens, it will be quick and smooth, but cant keep waiting or praying for it to - Some stocks will sure make you regret, but following the rules is the only way out - Cut my losses and moving on