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bpcl about to give a breakout

Chart is self explanatory.

Just for education purpose, points to be noted


  • In this type of formation an entry is typically taken when the price breaks out.
  • Buying happens if the breakout occurs to the upside, or short/sell happens if a breakout occurs to the downside.
  • A stop loss is placed just outside the opposite side of the pattern.
  • For example, if a long trade is taken on an upside breakout, a stop loss is placed just below the lower trendline.



Note: This chart is for educational purpose only!!

Nota
Activated yesterday, let see how this study performs
Nota
climbing towards second target!
Trade fechado: objetivo atingido
SECOND EDUCATIONAL TARGET CLOSED!
hardeepssethi
BPCLbreakoutsChart Patterns
hardeepssethi

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