🔰 MY thought process : ⭐After a good breakout and reversal on the D chart now this beauty is moving towards ATMs ⭐I see a good 1hr channel pattern here opening upwards ⭐A very decent trading setup would be activated when it touches the 1hr support zones ( the lower line of the channel I made) and makes a bullish candlestick pattern :) ⭐Trade type: swing ⭐Pattern: parallel channel ⭐Buying on support and selling on resistance will be the setup type :) ⭐Risk will be minimal, SL below your entry candle, reward: top of the channel ( in this case it can also Touch ATM where some profit booking will take place ) ⭐When not to trade this pattern: if it gives a close below the trendline don't trade leave the setup and trade :)
🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in Coal India today as posted guys :) Also keeping an eye on JSW steel too seems bullish to me :), All the analysis already posted :)
🔰 {Some info} ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.