DISCLAIMER: This publication is NOT a recommendation, but only my observation. Please take your trades based on your own analysis.
Points to remember:
-------------------------
1. Price has been consolidating inside a triangle for the past year.
2. A breakout with good volumes seen in the last week.
3. The Iran war gap-down has brought the price back inside the triangle. More buying can be seen from these levels.
4. Target is the triangle pattern height
--------------------------
Based on the above points, the following entry CMP, SL 35, TGT 48. RR - 1:3
Points to remember:
-------------------------
1. Price has been consolidating inside a triangle for the past year.
2. A breakout with good volumes seen in the last week.
3. The Iran war gap-down has brought the price back inside the triangle. More buying can be seen from these levels.
4. Target is the triangle pattern height
--------------------------
Based on the above points, the following entry CMP, SL 35, TGT 48. RR - 1:3
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.