On 30m chart , breakout is visible in tata steel
On the breakout candle, Volume is higher than average
and there is sudden rise in ATR
The resistance trendline broken, is now acting as a support after the breakout
Since this pattern is on 30m chart ,
we consider it a short term trade and keep low tgt of 115.6(green horizontal line)
and SL of 112.25 (white horizontal line)
RR Ratio is 1:1
On the breakout candle, Volume is higher than average
and there is sudden rise in ATR
The resistance trendline broken, is now acting as a support after the breakout
Since this pattern is on 30m chart ,
we consider it a short term trade and keep low tgt of 115.6(green horizontal line)
and SL of 112.25 (white horizontal line)
RR Ratio is 1:1
Comment:
dividend 3.6 per share
Comment:
Due to Dividend , the tgt and sl are adjusted as follows:
tgt : 112
sl : 108.6
tgt : 112
sl : 108.6
Trade closed manually:
Target had reached but on immediate opening candle of day and reversed, if not able to book profit, can exit