#OBEROIRLTY Rounding pattern breakout
Introduction: When trading stocks, it's essential to identify potential breakout opportunities. One such scenario is when a stock breaks above a resistance level after consolidating for three terms.
Entry: Look for a green candle with a high price closing at 1120.20 as your entry point when the stock breaks the resistance.
Stop Loss (SL): Set the stop-loss at the 22-day Simple Moving Average (SMA) of the closing price.
Target: As a beginner in the stock market, consider setting a target of 4% from your entry price to secure profits.
Note: It's crucial to perform thorough research and use risk management strategies when trading in the stock market. This example is for illustrative purposes only and does not constitute financial advice.
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