praveen.bhatiya

Up sloping channel/Small Risk Trade

Long
praveen.bhatiya Updated   
NSE:SIEMENS   SIEMENS INDIA LTD
Prices have nicely formed Up sloping channel which offers an opportunity to trade it at current level by risking a small amount. Prices have bounced at retest of lower trend line. We can initiate the long trade as the details given below
Entry 932
SL 899(closing)
Target 1030
Risk/Reward Ratio 3
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Trade active
Comment:
Trade is doing well SL raised to 915.
Trade closed: target reached:
Good Trade rewarded well :)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.