Rectangle Channel Breakout
Updated
The stock has formed "Rectangle Channel" and trading above it. This simple patter offers an opportunity to trade with a reasonable Risk to Reward ratio of 3. One can go long at 1193-1195 with SL of 1168 and can expect a target of 1265 in coming days.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Trade active
Trade closed manually
Closed with small profit as not moving would look somewhere else to trade.
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