The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Good analysis. If I may ask, how was the target calculated?
TradewithAditya
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@thomasdaniel22, There are various ways to calculate targets in any chart. It may be by using some tools like Fibo Extension, etc or based on previous resistance or supports. If price is forming any popular chart pattern, then target can be easily calculated based on chart pattern. and thats what I have done in this chart. For more information, you can always message separately. Thanks and keep learning