Double Bottom Reversal
Updated
The stock has nicely formed the double bottom reversal pattern so one can expect that the long term downtrend has been reversed for time being. It has retested the neckline yesterday and bounced from that level. One can buy the stock now with the SL of low of today and continue with the trade for the target of 472. It offers a good Risk to Reward ratio of 3.50.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Trade active
Trade closed manually
Neither Target nor SL : what to do closing it and releasing the margin for other opportunity.
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