learningcurve100

Parallel Channel in WockPharma

Long
NSE:WOCKPHARMA   WOCKHARDT
The hourly candlestick chart of WockPharma forms a parallel channel , which creates a suitable long position opportunity with a 30% expected return and a Return-to-Risk ratio of 3. The RSI also shows a value of 29.
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Trade closed manually: The channel pattern is no longer being followed by the stock.