PNC INFRA - Channel Breakout
Updated
The chart structure is favourable supported by multiple factor.
Pros: a) The healthy correction of 30% - price breakout from channel b) Fib retrenchment c) Moving Average above 21 & 200 d) RSI d) Similar breakout candle from same level
Cons: a) Volume b) wait for 50 & 100 EMA crossover for safe entry
Entry, Stop Loss and Target mentioned in chart.
Thanks
Pros: a) The healthy correction of 30% - price breakout from channel b) Fib retrenchment c) Moving Average above 21 & 200 d) RSI d) Similar breakout candle from same level
Cons: a) Volume b) wait for 50 & 100 EMA crossover for safe entry
Entry, Stop Loss and Target mentioned in chart.
Thanks
Trade closed manually
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