AVADHSUGAR - Parallel Channel Breakout
Updated
The stock broke out of the declining parallel channel. The issue is that although the volumes are higher, they are not very high, and this breakout could be a false one.
I think the trade can be initiated by keeping a closer stop, which can give a good risk reward ratio.
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I think the trade can be initiated by keeping a closer stop, which can give a good risk reward ratio.
Please follow us for more trading setups like these.
If you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
Do show your love by pressing the like if you liked the idea.
Trade closed: stop reached
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