Disclaimer: This is NOT a recommendation to trade, but my own observation. Please do your own analysis before entering positions.
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Points to note before entering trade:
1. Price has been inside a rising wedge in Weekly TF.
2. Breaks out of wedge & sustains above the resistance, which now acts as support
3. This consolidation outside the wedge precedes a big move till the Wedge Pattern height.
Entry: CMP
SL: 487.5
Tgt: 711.5
RR: 1.85
________________________________________________
Points to note before entering trade:
1. Price has been inside a rising wedge in Weekly TF.
2. Breaks out of wedge & sustains above the resistance, which now acts as support
3. This consolidation outside the wedge precedes a big move till the Wedge Pattern height.
Entry: CMP
SL: 487.5
Tgt: 711.5
RR: 1.85
