SBILIFE - Breakout from consolidation zone - Short Term Swing
This analysis is purely based on price action and chart pattern.
Analysis is done on daily TF hence it may take several days to couple of weeks to reach its target. Traders can also take advantage of this analysis in intraday trades.
Entry can be made between 910-915 range (Pull back) or above the high of breakout candle. Targets are shown in image. SL can be placed either below consolidation zone or below the breakout candle.
Never Run after the price. Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Feel Free to comment for any suggestion or query regarding price action analysis.
To check how stocks move when it breaks out of consolidation zone, one can check my other ideas where i have explained DARVAS BOX Strategy. It is linked below.
Analysis is done on daily TF hence it may take several days to couple of weeks to reach its target. Traders can also take advantage of this analysis in intraday trades.
Entry can be made between 910-915 range (Pull back) or above the high of breakout candle. Targets are shown in image. SL can be placed either below consolidation zone or below the breakout candle.
Never Run after the price. Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Feel Free to comment for any suggestion or query regarding price action analysis.
To check how stocks move when it breaks out of consolidation zone, one can check my other ideas where i have explained DARVAS BOX Strategy. It is linked below.
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