TradingView
dev_trader
Dec 27, 2016 3:03 PM

Bharat Electronics - Is it a valid channel?  

BHARAT ELECTRONICSNSE

Description

On daily chart, there is a channel drawn. I am not sure if we can consider it as valid channel setup. Kindly pour in your comments.
Trading strategy:
1. Buy above 1375 for Target 1 - 1400 and Target 2 - 1450. SL will be 1350 (On closing basis)
2. Sell below 1350 for Target 1 - 1300 with SL 1375 (On closing basis)

Trade active

Trade active on long side.

Trade active

Trade active

Today high @ 1393.

Trade active

Trade closed: target reached

First target reached.

Trade active

looking for target 2 @ 1450

Trade closed: target reached

Second target reached. Today high made @ 1451
More