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Risk-reward

UPSIDE POTENTIAL IN UPL(FALLING CHANNEL)A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a “falling channel” or “channel down“. The more such reversals occur, the more reliable the pattern. There are three scenarios the price rises after breakout, the price retests the trendline and that trendline now becomes support in both situations there is a good buy opportunity. the third scenario is the breakout is fake and our stop loss hits. this is not investment advice and I am not sebi registered this is just for my own educational reference.
NSE:UPLEducation
by atifsharif7865
4
Trend is our Best Friend* Before you expecting anything else from this graph just look at the daily and weekly and Monthly graph * ICICIBank is getting support from its 100 DEMA and 200 DEMA sharply * Now ICICIBank is above all average as well as the Near of all Average Respectively 426-418-420-400 * There is some consolidation in Hourly graph if Nifty continue above 11325 then it will be upper side Breakout * If any one want to pre attempt then Buy with current Price 427 and stoploss would be 420 First Target 438- Second target will be 445 * Try to hold the Position ones you out of Loss
NSE:ICICIBANKLong
by AhmedabadTradebulls
1