RHI MAGNESITA INDIA LTD (NO INDICATORS - ONLY PRICE ACTION)
1) A simple channel pattern with seven touches at the top and three touches at the bottom.
2) One can after a breakout.
3) And the target always depends on price action, actually I don't set a target, I do take exits depending on price-action (and it varies from person to person's conviction)
4) still if you want to set a target then go with 1:2 or 1:3 risk reward
5) Trade cautiously according to market condition (position sizing and risk management are the key things in the stock market)
NOTE: I only use simple Strategies that always give superior returns, Don't get carried away with all the complex strategies that are in the market. Complex doesn't necessarily mean good.
IF U LIKE MY ANALYSIS GIVE IT A LIKE AND COMMENT IF U HAVE ANY DOUBTS .......
Trend Analysis Chart Patterns indianstocks indianstockmarket priceaction priceactionanalysis chartpatterns GANECOS ganeshaecosphere
2) One can after a breakout.
3) And the target always depends on price action, actually I don't set a target, I do take exits depending on price-action (and it varies from person to person's conviction)
4) still if you want to set a target then go with 1:2 or 1:3 risk reward
5) Trade cautiously according to market condition (position sizing and risk management are the key things in the stock market)
NOTE: I only use simple Strategies that always give superior returns, Don't get carried away with all the complex strategies that are in the market. Complex doesn't necessarily mean good.
IF U LIKE MY ANALYSIS GIVE IT A LIKE AND COMMENT IF U HAVE ANY DOUBTS .......
Trend Analysis Chart Patterns indianstocks indianstockmarket priceaction priceactionanalysis chartpatterns GANECOS ganeshaecosphere
Trade closed: target reached