bpcl about to give a breakout

Chart is self explanatory.

Just for education purpose, points to be noted

• In this type of formation an entry is typically taken when the price breaks out.
  
• Buying happens if the breakout occurs to the upside, or short/sell happens if a breakout occurs to the downside.
  
• A stop loss is placed just outside the opposite side of the pattern.
  
• For example, if a long trade is taken on an upside breakout, a stop loss is placed just below the lower trendline.
  

Note: This chart is for educational purpose only!!

Kommentera:

Activated yesterday, let see how this study performs

Kommentera:

climbing towards second target!

Trade stängt: målet nått:

SECOND EDUCATIONAL TARGET CLOSED!