HCL Tech breakout Rectangle, H&S

Telah dikemas kini
A rectangle Pattern breakout is there on daily chart (shaded rectangle marked on chart)
A head and shoulder breakout is there on 4 hrly chart (marked on chart)
1155.7 is an important resistance line , and has been broken (yellow horizontal line)
On breakout, the vol is higher than average, and ATR is also higher than average

Trade : Tgt 1246 = ,SL =1095

Immediate supports can be taken as SL (marked as red horizontal lines)
Immediate resistances can be taken as Tgts (marked as green horizontal lines)
Depending on preferred risk, preferred time frame, and coming volatility, Tgt and Sl can be set
Keep RR Ratio 1:1
Dagangan ditutup secara manual
price re-entered into the rectangle, with a lot of momentum,
therefore exit trade
Chart PatternsTechnical IndicatorsTrend Analysis

Penafian