Overview & Observation:
1. Channel breakout after a long consolidation.
2. Volumes are not looking great.
3. Bounced from 200 DEMA.
Trade Plan:
1. RRR is unfavourable.
2. A risky long position can be planned with a 5% SL and 7% target.
3. Stop Loss below 50 DEMA on closing basis.
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
1. Channel breakout after a long consolidation.
2. Volumes are not looking great.
3. Bounced from 200 DEMA.
Trade Plan:
1. RRR is unfavourable.
2. A risky long position can be planned with a 5% SL and 7% target.
3. Stop Loss below 50 DEMA on closing basis.
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Anubrata Ray
