Just given a strong resistance breakout the after taking decent number of supports, just wait for the Retrace then take a decent position with the strict stop loss and ride the trend. Purely EDUCATIONAL.
A good breakout of the CHANNEL PATTERN with the good VOLUME. It is an YEARLY breakout. Go LONG with the strong STOPLOSS.
As you can see there is a simple TRIANGLE pattern formed in the day time frame. >It took support at the 3(*) critical levels 1.At 493- there we can see a good standard 'V' candle.* 2.At 544.6- slight consolidation. 3.At 551- a good bull candle. 4.At 562- also a stand 'V' again. 5.At 569- bull run.* 6.At 628- it took retrace. 7.Now at 649- it is forming a good...