Good morning traders.
If you have entered long at the high of the green candle as shown in the chart you would have thrown out of the market by taking your SL and kept you thinking Oh! It must be a Fake Breakout.
-->We all know that market structure is combination of waves.
-->These waves will follow Primary trend, Secondary trend and all the minor trends on...
- Price is converging between lower trendline and upper trendline, will need to give breakout (follow the major trend)
- Price must trade above 35800 and sustain to make upper move to ATH which is 5.38% away)
- Outperformed nifty this week, follow up price action is needed (upside) as price closed exactly at upper trendline shadow
- Anticipating breakout in 1-3...