February 4, 2011

Trade the false breakout

CHART-II
  • False breakout trade gave great profit for the bears.
CHART-I
  • Today Nifty Futures gave a good entry after the breakout of the range failed.
  • Failed breakout trades can give good profits if taken at the correct point.
  • Today when the breakout failed price re-entered the range and gave a short entry.
  • NF will be under pressure if it trades below 5517.
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