Simple risk Reward positional setup
Updated
Elgiequip Price is Breaking out 200 days of consolidation with good volume
Simple Low risk-reward setup for positional trade.
Few points to consider
- Rectangular Box price breakout.
- Good volume to support Price
- Relative strength is outperforming Benchmark Index (Nifty)
- Risk (SL), low of daily candle close
Simple Low risk-reward setup for positional trade.
Few points to consider
- Rectangular Box price breakout.
- Good volume to support Price
- Relative strength is outperforming Benchmark Index (Nifty)
- Risk (SL), low of daily candle close
Trade closed: target reached
Target reached
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