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ReviveTraders
Jan 8, 2021 6:48 AM

RECLTD | Trendline Breakout & Retracement with Hammer Pattern 🎯 Long

REC LTDNSE

Description

Positional Trading opportunity ! Weekly Chart Alert !!!

--Buy Above = 139.30 or CMP
--Target = 157 | 183
--Stop-loss = 128.30
--R:R = 4.12
--Expected Profit = 31 %
--Expected Holding = 1-3 Months only

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Technical Reasons to trade or Strategy applied :-

1) Longterm Trendline break with volume
2) after breakout retracement is done
3) Hammer pattern formation & now a big momentum is happening
4) Targets are based on resistance levels


Guys check out the related ideas as well, it will work really well GUARANTEED !

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Trade active

Trade closed manually

EXIT the stock in CMP as it could move further down so , we'll enter again & i'll Update the same if i gets a good opportunity , thank you !! 😊
Comments
ANKITHSHAJU
nyz....
ReviveTraders
@ANKITHSHAJU, thank you ...🔥
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