Double Bottom Reversal good RR trade
Updated
The stock seems to have reversing the downtrend. It has formed double bottom with higher RSI reading and now trading above the Neckline. It is offering a good Risk to Reward trade as details given below
Entry 221
SL 212
Target 250 - 253 - 259
RR Ratio : 3
RSI is also confirming the trade decsion.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Entry 221
SL 212
Target 250 - 253 - 259
RR Ratio : 3
RSI is also confirming the trade decsion.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Trade active
Note
Trade is doing OK trailed the SL at entry price of 221 :)Trade closed manually
Closed in reasonable good profit but before the target price.
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