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abhaychakravarthi

HONDAPOWER SWING TRADE

Long
HONDA INDIA POWER (NSE:HONDAPOWER)  
abhaychakravarthi Updated   
NSE:HONDAPOWER   HONDA INDIA POWER
Support and Resistance Trend Analysis Chart Patterns
1
0
supportandresistance trendanalysis chartpattern
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
Trade active
Comment:
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).
Comment:
First Target reached.
Trade closed: target reached:
Could not exit at right time.
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