Parallel Channel/Engulfing Low risk trade

Prices have nicely formed Up sloping channel and today's Engulfing offers an opportunity to go long at current level. One can risk the amout of one bar only. Prices have bounced at retest of lower trend line . We can initiate the long trade as the details given below
Entry 431
SL 408(closing)
Target 492
Risk/Reward Ratio 2.65
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Trade active
Comment: Trade is going well SL raised to 437 so it is a risk free trade now :)
Trade closed: target reached: Stress Free trade did very well :)
Please confirm can we buy on 490 for target of 520 in current senario cmp 488??
praveen.bhatiya AayanshMalik
@AayanshMalik, I will not buy it now as it has already done the target and already made 3 Drive on top reversal pattern.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out