praveen.bhatiya
Long

Broadening Wedge/ Morning Star Good RR Trade

NSE:CHENNPETRO   CHENNAI PETRO CP
Morning star candlestick reversal pattern at the lower line of Broadening wedge is giving earlier sign of reversal of this down trending stock. RSI also coming back from the extreme oversold zone telling the buy, moreover the trade is available at small risk of one bar stop loss so one try his luck as under
Entry 276
SL 262
Target 311
RR Ratio 2.50
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

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