Long trade in JINDAL SAW - Consolidation Breakout
Updated
JJINDALSAW
Good consolidation breakout on the hourly chart with heavy volume activity.
Pattern target comes at 105, which is incidentally also the R2 level of the monthly pivots.
A trade here with an SL below the breakout candle low gives a R:R of 1:1.8, which is pretty decent.
Good consolidation breakout on the hourly chart with heavy volume activity.
Pattern target comes at 105, which is incidentally also the R2 level of the monthly pivots.
A trade here with an SL below the breakout candle low gives a R:R of 1:1.8, which is pretty decent.
Note
Good move above R1, with even more volume activity. Strengthens the move.Trade closed: target reached
Target reached today!Another very strong move, so I think I will book half, and hold the rest for further moves with SL now trailing at 101.
Cheers!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.