BSE formed a descending right angled broadening wedge pattern on daily chart. With multiple support being tested. It had a strong breakout today with good volume. Also notice volume dried up when price was falling during the pattern formation. You can also notice a good runup prior to the pattern formation. Stop loss can be had just below the breakout candle with profit target the size of broader side of wedge.
Hope you liked my view on BSE. If you think it was worth your time, please boost this idea or leave a comment below on what you think. Otherwise happy trading :-)
Hope you liked my view on BSE. If you think it was worth your time, please boost this idea or leave a comment below on what you think. Otherwise happy trading :-)
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros