The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Thank you for your valuable contribution to the Tradingview community and keep up the good work!
investingbar
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i want to ask the did you took the entry as the pullback was never there ??
if you then how did you decide to go for the position making in this ???
TradewithAditya
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@investingbar, brother, in case of some good quality breakouts, one should not miss the move just because a huge move has already come. That's where the concept of proper Position sizing comes into play. To make it simple to understand, lets assume that we fix our loss per trade and as per that, we will reduce the quantity if we have to enter at higher levels. And if price shows pullbacks, then we can add quantities.
In case of any further query pls feel free to comment or send me a message. Thanks
Thank you for your valuable contribution to the Tradingview community and keep up the good work!