ypahalajani

TATACOMM triangular breakout

Long
NSE:TATACOMM   TATA COMMUNICATION
Target and SL defined on charts. Take trade reponsibily!
Trade active
Trade active:
Breakout confirmed. Cheers 🥂
Comment:
If you want insured profit - 1950 is a good price to book. But, if you wish to book greater profits, trail SL till the mentioned target.
Comment:
All time high breakout today. 2K is a psychological resistance level 🤞🏻 (profit booking might come here). Also, a good place to exit.
Comment:
Trail SL near 1850 zone
Trade active:
Position halved yesterday (loss booked: 1K) because price action is bearish (it broke previous base). Holding the remaining half till the price action is taking support from the blue coloured support line.

That's why we keep SL in market to protect losses. Earn 10K when price action follows technicals but loose only 2-4K if not followed like in this case.
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