HIMATSEIDE Analysis on Weekly Timeframe
Bullish view on HIMATSEIDE
Double Bottom Pattern Formation in HIMATSEIDE
Neckline Breakout
HIMATSEIDE has made double bottom patten on Weekly Timeframe. The price has given breakout to the neckline 85.45 and now it is trading above it. We can see the breakout has happend with the good volume. We can expect further upmove upto 107.80.
Trade Psychology and Setup =
Entry = Between 85 - 90 but it will good if we can enter with lower price
Target = 107.80
Stop Loss = Below 75.80
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
Bullish view on HIMATSEIDE
Double Bottom Pattern Formation in HIMATSEIDE
Neckline Breakout
HIMATSEIDE has made double bottom patten on Weekly Timeframe. The price has given breakout to the neckline 85.45 and now it is trading above it. We can see the breakout has happend with the good volume. We can expect further upmove upto 107.80.
Trade Psychology and Setup =
Entry = Between 85 - 90 but it will good if we can enter with lower price
Target = 107.80
Stop Loss = Below 75.80
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
Comment:
HIMATSEIDE Analysis with RSI and Trendline!
Trade active:
We are only 4.80 Points below our projected Target. One can exit from here or wait for our target to get hits.
Trade closed: target reached:
Target has been Reached!
Trade active:
Next Target!
Trade closed: target reached:
128.25 Reached!
Comment:
Entry = 86, Exit = 107, Gain = 21rs
%Gain = 21/86*100 = 24.42%
%Gain = 21/86*100 = 24.42%
Avinash K.
