I am looking to take a risk here, to ride the Breakout. However, keep a very strict stop loss as per your risk appetite if markets turn weak.
Trade closed: stop reached
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My SL has triggred here. It was a failed breakout. No qualms of failing at trades. What is most important is to protect capital. There will be no harm entering again when it breaks out above 60.
@sohamdey76, Yes, if all goes good , we will get the full pole target.
rajeshe687
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Did you exit or still holding?
CuriousChartist
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@rajeshe687, My SL has triggered. But when it shows strength I will re-enter. The pattern though hasn't been invalidated. In hindsight it could be a retest from the breakout at 54 levels which I presumed to be 58.
rajeshe687
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@CautiousChartist, You might be getting chance again tomorrow.
@rajeshe687, Conviction on the pattern worked. Inv Head and Shoulder with an inside bar breakout.
kapil_arora20052000
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@CautiousChartist on what price should i exit it is trading@ 59.75
CuriousChartist
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@kapil_arora20052000, The analysis on what I think the stock can do is up there bro. These decisions and responsibility are yours. I am not SEBI registered to advise buy/sell.