Good Morning Friends,
A bullish flag and pole pattern emerged on the hourly chart of
UTIAMC
the bullish view will be negated if the stock closed below 756 on DCB. So as per the current probablity one take the trade at 786 or below with stoploss of 756 on DCB basis for the 1st target of 816 then 2nd target of 846 and the final target of 876.
Exit the position if the stop loss triggered on daily closing basis.
The risk reward ratio for the trade is 1:3
DO YOU WANT ALL MY RESEARCH FOR FREE THEN DON'T FORGET TO FOLLOW ME.
i AM EAGERLY WAITING FOR YOU COMMENTS ON THE STUDY...
Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
A bullish flag and pole pattern emerged on the hourly chart of
UTIAMC
the bullish view will be negated if the stock closed below 756 on DCB. So as per the current probablity one take the trade at 786 or below with stoploss of 756 on DCB basis for the 1st target of 816 then 2nd target of 846 and the final target of 876. Exit the position if the stop loss triggered on daily closing basis.
The risk reward ratio for the trade is 1:3
DO YOU WANT ALL MY RESEARCH FOR FREE THEN DON'T FORGET TO FOLLOW ME.
i AM EAGERLY WAITING FOR YOU COMMENTS ON THE STUDY...
Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
Comment:
1st Target Achieved..................
Trade active:
trade still active
Trade active