Triangle breakout pullback and continuation

23 Nov 2021

Elgie has given breakout from a triangle pattern plus did pullback and continuation.
also given range breakout above 230 level

For Intraday
can buy above 235 for target of 240 , 242

For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.

Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis


For Swing trade
buy above 235 for target of 260
keep stoploss below 218


NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.