Small risk Trade 2B/Double bottom/Big W Reversal
The Stock has formed a 2B pattern which offers a small risk trade as the details given below.
Entry 2750
SL 2690
Target 2900
RR ratio 2.50
RSI is coming out of extreme reading for the stock thus confirming the strength is returning.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Entry 2750
SL 2690
Target 2900
RR ratio 2.50
RSI is coming out of extreme reading for the stock thus confirming the strength is returning.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Trade active
Trade closed: target reached
Rewarded as expected although it could move further but I am closing on target price :)
Related publications
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.
Related publications
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.