PHOENIX LTD - SWING TRADE - 5th January #stocks

#PHOENIXLTD (1D TF)

Swing Trade Analysis given on 5th January, 2023

Pattern: FALLING WEDGE PATTERN
- Volume Spike Buildup - Done ✓
- Breakout of Resistance - Done ✓
- Box breakout + Retracement & Consolidation - In Progress

#stocks #swingtrade #chartanalysis #priceaction #phoenixltd

Trade active:

PHOENIX Update - 13th Jan, 2024

- Entry was taken on the breakout of the big box
- Both target levels were achieved
- 10% in 3 Trading Sessions

- Looks like a possibility of a re-entry

#stocks #swingtrade #chartanalysis #priceaction #traderyte #phoenix