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PrakWorld_Traders
Jun 25, 2021 3:40 PM

Idea - Channel Pattern Long

VODAFONE IDEA LTDNSE

Description

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Idea been trapped in a channel pattern since June 2020 and now again from its bottom begins to move upward, so give an entry with appropriate Stop loss

Aggressive traders enter at the breakout and conservative traders may give entry after retracement

After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade

🔴DISCLAIMER

***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Comments
Xyz102sam
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Retracement at what price ?
PrakWorld_Traders
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@Sunny102s, The stock already had taken a retracement and it's a good time for entry. On an average of 30 to 40 days, it may reach its target price, ie; avg of 30% in the equity cash market

or else just wait for 2 to 3 more days, because it may have some small pullback as it had given 10% in a single day

🔴DISCLAIMER

Always enter a trade with the appropriate stop loss to handle your money management

Don't lose more than 5 to 7 percentage of your capital in a trade

***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
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