Good bullish Pennant formation. Pull back from all time high and consolidated in a falling wedge pattern, giving a breakout.
Risk reward ratio is very much favorable at 1:4 with the SL-closing below 345 and 1:2 with SL below the support trendline, targeting back to the All time high range of 500 LTP 372.
Please see weekly and monthly time frame view in the links below
DISCLAIMER - Please do make your own analysis before investing.
Risk reward ratio is very much favorable at 1:4 with the SL-closing below 345 and 1:2 with SL below the support trendline, targeting back to the All time high range of 500 LTP 372.
Please see weekly and monthly time frame view in the links below
DISCLAIMER - Please do make your own analysis before investing.
Order cancelled
Trade closed: stop reached