HINDUSTAN UNILEVER LTD.
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HINDUNILVR - LONG WHEN FALLING WEDGE BREAKOUT

Falling wedge is a very powerful reversal chart pattern when it appears at a bottom after a prolonged decline. However, it can be traded as a continuation pattern as well.

Entry - 2420-2430 When price closes above the downward slopping upper trendline.
Stop-loss - 2275 ( Swing Low )
Target - 2600 and above.

Risk/Reward is poor. So we need to trail stop-loss aggressively once the trade is active.

I don't trade breakouts very often because it offers a poor risk-reward ratio.
Apply your trade and risk management.
ออร์เดอร์ถูกยกเลิก
Price didn't break the upper trendline and it's also trading below the support level and lower trendline.

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