Stock is in downtrend for since 2015. A supplier to automobiles and with the downfall of auto sector, revenues are struggling.
A very favorable risk to reward trade with high probability of success.
As I have understood that no one can predict exact market movements hence risk management is the key.
I work on probabilities and they are favoring this setup.
Levels are on the chart.
NOTE:- The move may be completed anytime in near future. Do your own analysis before trading/investing
Good luck!
A very favorable risk to reward trade with high probability of success.
As I have understood that no one can predict exact market movements hence risk management is the key.
I work on probabilities and they are favoring this setup.
Levels are on the chart.
NOTE:- The move may be completed anytime in near future. Do your own analysis before trading/investing
Good luck!
Trade active
Trade closed: stop reached
