WRB & Parallel Channel

praveen.bhatiya Updated   
Wide Range Bar on14.03.18 has created the support zone and even in a strong down day like yesterday it has provided the support. It seems that there is good accumulation at 65.50 and buyers have emerged which can move the price up in coming session. RSI above 50 is also supporting the decision. It is on the verge of breaking the channel so one can buy the stock for the target of 77 by providing the SL of 67.50. Reasonable trade with Risk to Reward ratio of 3.

Disclaimer : All ideas and comments are my personnel view. please take financial consultancy for trading decision.
Trade active
Trade active: Closer to the target. Hopefully achieve in coming days. :)
Trade closed: target reached: Rewarded well.


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.