The stock has been ascending for the past few days, and has been close to resistance quite a few times.
Considering the setup, it is a likely candidate for Breakout of resistance, for a likely target of 180.
I recommend a stop loss of 155, but you can take a call basis your risk profile.
The trade offers a risk reward ratio of >1:4.
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Considering the setup, it is a likely candidate for Breakout of resistance, for a likely target of 180.
I recommend a stop loss of 155, but you can take a call basis your risk profile.
The trade offers a risk reward ratio of >1:4.
Please follow us for more trading setups like these.
If you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
Do show your love by pressing the like if you liked the idea.
Trade closed: stop reached:
Stop reached on Oct 21