ypahalajani

TATACOMM triangular breakout

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ypahalajani Uppdaterad   
NSE:TATACOMM   TATA COMMUNICATION
Target and SL defined on charts. Take trade reponsibily!
Handel aktiv
Handel aktiv:
Breakout confirmed. Cheers 🥂
Kommentera:
If you want insured profit - 1950 is a good price to book. But, if you wish to book greater profits, trail SL till the mentioned target.
Kommentera:
All time high breakout today. 2K is a psychological resistance level 🤞🏻 (profit booking might come here). Also, a good place to exit.
Kommentera:
Trail SL near 1850 zone
Handel aktiv:
Position halved yesterday (loss booked: 1K) because price action is bearish (it broke previous base). Holding the remaining half till the price action is taking support from the blue coloured support line.

That's why we keep SL in market to protect losses. Earn 10K when price action follows technicals but loose only 2-4K if not followed like in this case.
Handel aktiv:
Signs of bottom formation on charts. Let's see if we would add or exit
Kommentera:
Trading positional takes a lot of patience 😅
Kommentera:
Reversal was confirmed two days back from the consolidation. Technically, it should hit 1900 levels. I have yet not averaged out my position because RSI still is in the non-decisive range.
It's really tempting to add because it looks like it is sustaining 1800 levels.

One strategy I am thinking of is let is touch 1900 levels and I'll exit because price action did not follow my expectations and I should be able to even-out the losses booked for the previous portion of my square off. Let's see in the next session
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