• AlKYL AMINES was moving in a downward parallel channel from Q4-2022.
• A perfect channel could be fitted on the downtrend
• Last 3 weeks there is a significant volumn spike in the stock.
• Last week closing was above the downward channel
• If this week closing is above previous week closing then bullish move confirmed
• Swing stop loss is 2160
• Positional sl is 2031
• Target are mentioned in the chart.
• An opportunity of 1: 5 RR in swing trending.
• Positional trader may hold this trade till ATH @4725 with a 1: 7 RR.
• Idea is for educational purpose and explore the price action learning with trading psychology.
• Have fun traders!!! 😊
• A perfect channel could be fitted on the downtrend
• Last 3 weeks there is a significant volumn spike in the stock.
• Last week closing was above the downward channel
• If this week closing is above previous week closing then bullish move confirmed
• Swing stop loss is 2160
• Positional sl is 2031
• Target are mentioned in the chart.
• An opportunity of 1: 5 RR in swing trending.
• Positional trader may hold this trade till ATH @4725 with a 1: 7 RR.
• Idea is for educational purpose and explore the price action learning with trading psychology.
• Have fun traders!!! 😊
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.
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.