Long trade in JINDAL SAW - Consolidation Breakout

13 Dis 2022

JINDALSAW

Good consolidation breakout on the hourly chart with heavy volume activity.

Pattern target comes at 105, which is incidentally also the R2 level of the monthly pivots.

A trade here with an SL below the breakout candle low gives a R:R of 1:1.8, which is pretty decent.

13 Dis 2022

Nota

Good move above R1, with even more volume activity. Strengthens the move.

15 Dis 2022

Dagangan ditutup: sasaran tercapai

Target reached today!

Another very strong move, so I think I will book half, and hold the rest for further moves with SL now trailing at 101.

Cheers!