AVADH SUGAR ENERGY (NO INDICATORS - ONLY PRICE ACTION)
1) Firstly pretty good channel breakout
2) And successfully Retested the trendline with low sell off candles
3) You can aim for 530 levels for the target (i.e 1:2) and keep your stop loss below the breakout candle.
4) I gave the target levels in this trade. Actually, I don't set the target, I do take exit depending on price-action (and it varies from the person to person's conviction)
5) still if you want to set a target then go with 1:2 or 1:3 risk reward
6) Trade cautiously according to market condition (position sizing and risk management are the key things in the stock market)
NOTE: I only use a simple Strategy that always gives superior returns, Don't get carried away with all the complex strategies that are in the market. Complex doesn't necessarily mean good.
IF U LIKE MY ANALYSIS GIVE IT A LIKE AND COMMENT IF U HAVE ANY DOUBTS .......
2) And successfully Retested the trendline with low sell off candles
3) You can aim for 530 levels for the target (i.e 1:2) and keep your stop loss below the breakout candle.
4) I gave the target levels in this trade. Actually, I don't set the target, I do take exit depending on price-action (and it varies from the person to person's conviction)
5) still if you want to set a target then go with 1:2 or 1:3 risk reward
6) Trade cautiously according to market condition (position sizing and risk management are the key things in the stock market)
NOTE: I only use a simple Strategy that always gives superior returns, Don't get carried away with all the complex strategies that are in the market. Complex doesn't necessarily mean good.
IF U LIKE MY ANALYSIS GIVE IT A LIKE AND COMMENT IF U HAVE ANY DOUBTS .......
Trade closed: target reached