12162 Triangle breakout possible (under watch)

Trade Thesis
a) Triangle breakout possible
b) vwap breakout possible
c) weekly breakout possible
d) monthly breakout possible
e) fib dual confluence level re tested and may move up prior to feb budget, as there is possibility of pre-budget rally in fertilizers stocks.
f) SL compulsory

Trading mindset requirements
a) Trade the plan and not the emotions
b) focus on process and not on outcome
c) Markets are irrational, random and surprises - move un-imaginal level or low. Hence controlling the controllable like position sizing, SL, emotions, maintaining risk-reward ratio, defined entries will make to manage risk unblocks the roadmap for overall winning strikes.