Breakout Points (Initial) are valid place for re-entry (when reversed in the 1st attempt) and make quick money and keep s/l below the breakout level (closing basis)....
This logic always fetch you money if you identify and wait for opportunity...
While checking Chana Chart...I found this has happened today.....thought of posting the chart for knowledge purpose...
Read and understand....how nicely hit today Breakout Level and Bounced (violent bounce) and moved up.....
The above chart is for knowledge purpose......not suggesting to anyone to go long or short....
Interesting pattern....make a note of it.......
Take Care...
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