BPCL: Breakout Failure Entry

6 Jul 2017

We dun know yet that whether this course of action will be followed or not but If and when the price breaks out of the channel, below the the moving average, one can look for an aggressive entry at the first bullish sign in the anticipation of a breakdown failure. The trade is riskier but that's the beauty of this trade.

Or else if the price breaks on the upside first, beyond 665, that would be a different type of trade.

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Trade safe, stay healthy.

Best Regards
Afraidtotrade

7 Jul 2017

Nota

Setup negated. Post closed.

10 Jul 2017

Nota

Although we could not trade, it did what it had to.