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PriceActionSpotter
Jan 1, 2022 1:13 PM

RUSHIL DECOR 1:4+ RR setup 🔥 Long

RUSHIL DECOR LTD.BSE

Description

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NSE:RUSHIL broke out of ascending triangle pattern and gave a retest. Momentum leading to breakout is very high and volumes look bullish.

One can enter entire position at C.M.P and place a tight stop loss (marked on the chart) for a 1:4+ RRR play. Positional traders can place a deeper stoploss below 310 and go for 1:2/2.5 RRR.

Buy more of price takes support at anyone of the supporting trendlines.

Follow strict risk management. HAPPY TRADING!

Trade closed: stop reached

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