Breakout from Channel Pattern in LT

Nov 11, 2020

LT has given strong breakout from ascending channel pattern. Volumes wee 5X on the day of breakout.

LT may retrace and test the trend line as the market is looking weak.

Try to enter between 1020-1040 levels.

Targets would be 1120/1170 and SL below1000.

P.S.: I have entered at 1043 today with capital of 10K.

Nov 11, 2020

Trade active

LT now above 1055. Enjoy 1% gains on LT.

Nov 12, 2020

Note

LT now trading at 1072. 2.5% up from the entry price. Trail SL to cost and wait for further up move towards 1100.

Nov 12, 2020

Note

LT closed at days high even in bearish market today. Hold for the targets in few days.

Nov 13, 2020

Note

Trailed my stop loss to 1049.5

Nov 13, 2020

Trade closed manually

Trailing SL Hit. Exited with small profit.

Nov 18, 2020

Note

First Target hit in LT.

But I had exited the trade at 1049.5 because as a beginner capital protection is must once trade goes in to your favor.

Nov 19, 2020

Trade closed: target reached

All targets reached. Cheers.