Wait for some retracement before go long. All the drawings appearing in the chart are self explanatory. Nothing wrong in the chart.
Buy around 1000 with SL DCB marked above.
Rationale for waiting, if cant wait and have FOMO then but at CMP.
1. Volume noted in the first breakouts attempts was 21MM roughly, this time it is 13MM. Breakout with lesser volume.
Buy around 1000 with SL DCB marked above.
Rationale for waiting, if cant wait and have FOMO then but at CMP.
1. Volume noted in the first breakouts attempts was 21MM roughly, this time it is 13MM. Breakout with lesser volume.
Comment:
Trade is going as expected, the highlighted concern is playing well. Price is still not crossed the zone. Never pre-empt the trade and always buy on retest of breakouts. I do not have any stats to prove but my observations says 90% time breakout will be retest. So why to hurry wait and buy on retest