nimbuz90
Short

Range breakdown in Sun TV

NSE:SUNTV   SUN TV NETWORK LTD
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3
Prices were consolidating in a broad range of 950-870 and now has given a breakdown below range low. Expecting to enter around 870 when it pullbacks to retest the level. My target for this setup is 840, but prices have already made it to 850. If it reaches 840 without any major pullback to 870, then this setup is negated.

Entry - Around 870-865 based on rejection signal at this level
SL - 885
T1 - 855
T2 - 840

For study purpose.
Thanks.
Order cancelled: The pullback made it to 860 level only. Obviously the momentum was high and it pushed prices down further. Today it gapped down and made it beyond the given targets.

Wish i had a position yesterday to have ridden this nice move. Missed it. Every once in a while we loose such potential trades which gets us frustrated. But it makes us work more sharply in finding a good and easy ones like this. Working on it. Big time!!

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