TradingView
NandanChaturvediTrade
Jul 10, 2021 6:56 PM

Swing trade - daily charts (Trading in channel) Long

PROCTER&GAMBLE INDNSE

Description

PGHH is trading in a channel that is marked in the above chart. At this moment, the stock is at a very crucial level i.e. trading at the lower end of the channel. We have multiple reasons to go long here:
1. Currently taking support at 100 MA.
2. In an uptrend and trading in the marked channel.

I think if we see a green candle here, it's a great opportunity to go Long with a nice risk-reward of 1:2. Targets can be achieved within the next few weeks only considering the past performance.

Trade active

Nearing stop loss. Keep the strict SL at 12710
Comments
NandanChaturvediTrade
nearing stop loss.. need to cut at 12730..
More