The stock has reached lower trend line of the channel pattern and took support which may undergo a reversal rally; at the same time it has broke out of triangle pattern and retested it. Trade is supported by brokerage calls and Supports Nearby along with 200 EMA.
Risk Reward Ratio - 1:1
SL is placed below multiple major support zones + 200 EMA and target is place near upper trendline.
Note: Make sure to enter trade only after Reversal is confirmed, Don't enter during a breakdown.
Risk Reward Ratio - 1:1
SL is placed below multiple major support zones + 200 EMA and target is place near upper trendline.
Note: Make sure to enter trade only after Reversal is confirmed, Don't enter during a breakdown.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.