About this image :-
As you can see this is a chart of a stock and in this stock form a box pattern and than after formation of box pattern than you can see what happen and now in this post we learn what is box pattern and using this pattern how to make a good profit. @hitradeofficial
What is box pattern :-
In any stock price is in a box than it is called pattern. You can see this type of formation is called box pattern and if you to find this pattern than you have to lots of stocks and than in any stock price is in a box than you can select this stock and focus in this stock and than when any type of breakout is form than can buy this stock now if you don’t know what is breakout than you you make this stock that means you mark higher price and also lower price and than when break higher price with a big green candle than you can buy this stock. This is all information of box pattern.
What is conditions for this pattern :-
This our conditions is movement and first you see 12 month candle and than you try to buy and sell in 1 Day time frame candle because higher timeframe is most important for any pattern but you can try also 15 min time frame and than you can try this pattern formation in all time high because the maximum change is when this pattern form in all time high than we take a big movement and if all time high is not when we have to see movement in this stock that means if movement is good than you can buy any condition. This is the all conditions for this pattern.
How to make profit using this pattern :-
The profit condition is only discipline when you follow discipline than you can make profit in any field not only trading field that means we have to maintain only discipline don’t using virtual though that means when pattern is form than we need take action without pattern no need to take action that means without pattern don’t trade and don’t buy and sell skip over trading and when our pattern fail that means our stoploss is near than we need to sell this stock and book stop loss. This is a way for make profit using this pattern also any pattern.
Learning of this post :-
This learning of this post is in any pattern when our stoploss hit than we need to sell this stock and book loss and also without pattern don’t trade and when pattern is form than don’t skip trade that means we have to trade only the formation of pattern and don’t make pattern in your mind wait for formation of patten in chart when form pattern in chart than we can trade. This is the all learning of this post