HONDAPOWER SWING TRADE
1. Multiyear breakout done
2. Retracement to support done
3. Created Flag pattern on Weekly charts
4. Breakout of Flag Pattern
5. Fundamentally strong company
Excellent Risk:Reward
Entered at 2100
Stop Loss - 1900
Target 1 - 2400
Target 2 - 2700
2. Retracement to support done
3. Created Flag pattern on Weekly charts
4. Breakout of Flag Pattern
5. Fundamentally strong company
Excellent Risk:Reward
Entered at 2100
Stop Loss - 1900
Target 1 - 2400
Target 2 - 2700
Trade active
Note
Moved 15%++ already.Can spend some time here.
Almost perfect entry and price action supporting the analysis.
Holding with SL trailing at 2100 (at breakeven).
Note
First Target reached.Trade closed: target reached
Could not exit at right time.
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