As we can see, price was at the bottom of triangle pattern, but it was still in falling channel pattern…i took trade for upside move at 720 at marked arrow. At line x - price took resistance as it is still in downtrend Also following falling cahnnel pattern. Conclusion - we should not enter for a uptrend trade, if it is still making lower low and lower high pattern.
Price is moving in triangle…in bigger time frame…but when we come to lower time frame , we can clearly see that it is also following falling channel pattern. Main thing is we are not supposed to enter here(at blue arrow). We should enter when it breaks lower low pattern.
#SBICARD trading 958 formed bullish pattern, Today trading our retracement level, we can buy above 971 and tgt 1000 SL: LIVE
#SBICARD trading 1003 formed bearish pattern, Today trading our retracement level, we can sell below 1000 and tgt 970 SL: LIVE