The stock has been trading in a range for a long time , now its about to breakout ; buy when the price gives a clear breakout on the neck line.
Consider the time frame here , I have used 1 Day as TF so the chances of hitting the targets are good only when you hold it for a longer duration. The SL here is of 3.5-4% , so do your Position sizing according to your Risk Appetite .
#KeepTrading
Consider the time frame here , I have used 1 Day as TF so the chances of hitting the targets are good only when you hold it for a longer duration. The SL here is of 3.5-4% , so do your Position sizing according to your Risk Appetite .
#KeepTrading
Trade active:
Keep Holding , longer the consolidation bigger the breakout.
Trade closed: stop reached