Hi Rishi,
Thanks da....!!! will keep in mind...
Your entry was perfect...but exit was bad.
You entered on positive divergence and a breakout of the range.....very good entry but after that large entry bar the market went sideways. Markets always go sideways after a large move. So as long as the price does not go inside the range it broke, you have nothing to worry. In fact this sideways was a good place to add to long positions at point 2.
Then market again broke out of that range and went sideways again at place marked as R2....this again is a place to add....the market is showing no danger signal. Also at this place the oscillator is in overbought area for more than 5 bars indicating that a strong upmove is yet to come ...and the market did exactly that but all that was readable on the charts.
Most new traders make a mistake of getting out on 1st breakout....this breakout was on a WRB or a Wide Range Bar and breakout WRBs very rarely fail....they signal start of the new uptrend.If it was 3rd or 4th sideways range breakout by WRB , I can understand your booking profits as it could be an exhaustion WRB.....but not at the Breakout WRB....
These things will come to you when you observe hundreds of charts and how markets behave....it comes by observation and practice, you will get it...
Best Wishes,
Smart_trade