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praveen.bhatiya

Three Drive/Channel Candlestick. Good RR Ratio

Long
MANGALORE REF &PET (NSE:MRPL)  
praveen.bhatiya Updated   
NSE:MRPL   MANGALORE REF &PET
Supply and Demand Parallel Channel Three Drives
8
4
supplyanddemand parallelchannel threedrivespattern
The stock is moving nicely between parallel channel having multiple alternative touches on both sides. Yesterday's Doji Bar got confirmed today. One can buy the stock now or on dips for a target of 115. It would provide decent Risk to Reward ratio.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Trade active
Comment: Trade doing well as expected, wanted to see it breaking the channel line :)

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