Some key points are mention in chart
This was on bearish journey from last one year & right now accumulation is done in a range & prepared for fly .
This is a range breakout.... Range is 15%
How to enter-:
> small range-- one should enter at breakout level(range like-4-8%)
>Big range ---one should enter at lower level of range with very small SL (just below the range like 2-5% so that due to volatility no hunting of SL)
Targets & SL--
1st target -490(27%)
2nd target-550(45%)
SL 1st - mid of range (15/2= 7.5%)= [1st target- 1:3.7,,2nd target-1:6} [these are medium term levels --2-3 months]
2nd- low of range(15%) ={1st target-1:1.8, 2nd target - 1:3}
Happy swing trading
This was on bearish journey from last one year & right now accumulation is done in a range & prepared for fly .
This is a range breakout.... Range is 15%
How to enter-:
> small range-- one should enter at breakout level(range like-4-8%)
>Big range ---one should enter at lower level of range with very small SL (just below the range like 2-5% so that due to volatility no hunting of SL)
Targets & SL--
1st target -490(27%)
2nd target-550(45%)
SL 1st - mid of range (15/2= 7.5%)= [1st target- 1:3.7,,2nd target-1:6} [these are medium term levels --2-3 months]
2nd- low of range(15%) ={1st target-1:1.8, 2nd target - 1:3}
Happy swing trading
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.