TECHM - Range Breakout!
Reasons to enter trade
----------
1. Price consolidating in a range for more than 3 months
2. Price sustaining above the range.
3. Price gets rejected from below the support line & immediately starts trading above the range again, indicating strength
4. A small trendline breakout given, triggering the entry
-----------
Entry - 1694, SL - 1626, Tgt - 1827, RR - 1:2
-----------
Disclaimer: This is NOT a trade recommendation, but my opinion. Please do your own analysis before entering any trade
----------
1. Price consolidating in a range for more than 3 months
2. Price sustaining above the range.
3. Price gets rejected from below the support line & immediately starts trading above the range again, indicating strength
4. A small trendline breakout given, triggering the entry
-----------
Entry - 1694, SL - 1626, Tgt - 1827, RR - 1:2
-----------
Disclaimer: This is NOT a trade recommendation, but my opinion. Please do your own analysis before entering any trade
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.