Steel Authority of India Limited
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How did I time my entry in SAIL?

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Well, many traders spotted the head and shoulder pattern, but it can be seen that stock didn't move much after the breakout but consolidated in a rising wedge for some days(which is generally a good sign).

Now, in the morning I was looking for an entry so after looking at the 1-hour time frame, I found a perfect triangle rising wedge pattern, so I was waiting for a 1-hour candle to close above the trend line. I took entry at 79 with half quantity and on the retest, I added my other half.

Entry, Target, and Stoploss are mentioned in the chart.


Thank you!
注释
Target 1 achieved.
交易结束:到达目标
交易结束:到达止损

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