New to Swing Trading – Did I Mark This Breakout Correctly? Need Help Understanding Entry, Stop Loss & Target

Hey everyone,

I'm new to swing trading and currently learning chart patterns, price action, and risk management. Before anything else, I want to clarify that **I'm not asking whether I should buy this stock or not.** I'm only looking for feedback on my analysis and to understand how experienced traders determine **entry, stop loss, and target** after a breakout.

Also, I used ChatGpt **to help me organize my thoughts and explain my questions more clearly in this post.** The analysis and questions are my own. I just wanted to make sure I communicated them in a structured way.

Here's my analysis on **Eternal (NSE):**

* I marked what appears to be a **consolidation range** with horizontal support and resistance.
* Today, the stock seems to have **broken above the consolidation** with a strong bullish candle and higher volume.
* The 20 MA is above the 50 MA, and both are sloping upward.
* MACD is bullish, and CCI is also showing strong momentum.

What I'm struggling with is the execution part.

1. Does this actually qualify as a valid consolidation breakout, or have I marked the range incorrectly?
2. If this is a valid breakout, how do you decide the **entry**?
* Enter immediately after the breakout candle closes?
* Wait for a retest of the breakout level?
* Wait for another confirmation candle?
3. How do you determine a logical **stop loss**?
* Below the breakout candle?
* Below the consolidation range?
4. How do you determine a realistic **target**?
* Previous resistance?
* Measured move (height of the consolidation)?
* Based on a fixed risk-reward ratio?
5. More generally, how did you learn to consistently identify good **entry, exit, and stop-loss** levels? Are there any books, courses, or concepts that helped you understand the reasoning behind them?

I'm trying to learn the **decision-making process** rather than just copy trades. If my chart work is incorrect, I'd genuinely appreciate it if you could explain what I got wrong and why, so I can improve my analysis.

Thanks in advance!