nimbuz90

Awaiting Breakout or a failure??

nimbuz90 Uppdaterad   
NSE:CIPLA   CIPLA LTD
Prices have been consolidating a while in a range and soon a breakout is expected on the upside. Right now its hovering around the range high. Will enter long position only after breakout confirmation and closing above 623 for a target of 640. If there is a breakout failure, it can be used to enter short at the range high for a target of 600. Will trade based on how price action reveals further.

For study purpose
Thanks
Handel aktiv:
Entered @ 624
Kommentera:
Target 1 done @ 630
Kommentera:
target 2 done @ 635. Trailed SL to cost and took partial profits
Trade stängt manuellt:
Closed the rest for 634.
Kommentera:
Great!! It had a nice breakout and made a high of 644, although i exited @ 634.
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