1 - There is a hidden channel pattern in descending traingle where stock has been taking the support on trendline
2 - Right after fall , gapped up and made reversal (inverted hammer ) . today closed in green which is reversal confirmation(bulls are In control)
3 - Main thing is here to consider that reversal happened at area of interest (demand zone)
4 - one can enter by keeping stoploss at 370 levels .
5 -And the target always depends on price action , actually I don't set target, I do take exits depends on priceaction (and it varies to person to person's conviction)
6- still if you want to set a target then go with 1:2 or 1:3 risk reward
7- Trade cautiously according to market condition (position sizing and risk management are the key things in the stock market)
NOTE : I only use simple Strategy that always give superior returns, Don't get carried away with all the complex strategies that's in the market. Complex doesn't necessarily mean good.
IF U LIKE MY ANALYSIS GIVE IT A LIKE AND COMMENT IF U HAVE ANY DOUBTS .......
2 - Right after fall , gapped up and made reversal (inverted hammer ) . today closed in green which is reversal confirmation(bulls are In control)
3 - Main thing is here to consider that reversal happened at area of interest (demand zone)
4 - one can enter by keeping stoploss at 370 levels .
5 -And the target always depends on price action , actually I don't set target, I do take exits depends on priceaction (and it varies to person to person's conviction)
6- still if you want to set a target then go with 1:2 or 1:3 risk reward
7- Trade cautiously according to market condition (position sizing and risk management are the key things in the stock market)
NOTE : I only use simple Strategy that always give superior returns, Don't get carried away with all the complex strategies that's in the market. Complex doesn't necessarily mean good.
IF U LIKE MY ANALYSIS GIVE IT A LIKE AND COMMENT IF U HAVE ANY DOUBTS .......
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.