Tata Steel failed Trade
Weekly in down trend
Daily was retracement, continue towards downtrend,
On 25 June open gap down suggesting broke down squeezing trangle and taken a short position. It was false breakdown and then Tata Steel taken a U turn and created big green bullish candle.. continue on second day ie 26th June and broke up total more than 6% up in two days. Stop loss not placed at the start of the trade, and then result in big loss. Just a reminder for my learning to place sl with order. Do not hope for it will reach to your stop loss level. Trade what you see and not what you feel.