Three Drive/Channel Candlestick. Good RR Ratio

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 :)
Sir Do you suggest to Buy it for Long as its Funadamental are Strong???

praveen.bhatiya DeepamChavda
@DeepamChavda, No Sir I've not checked the fundamentals it is based on Technical analysis only.
as this stock is downward channal can it will face resitant on upper channal line.
+1 Reply
@champ123, That is possible but mostly after 2 downwards drive stock becomes oversold and short recover forces the price to break the upper channel line
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out