Descending wedge with double bottom !!
업데이트됨
Stock after correcting by more than 10% from its high levels, has formed descending wedge and also kind of double bottom at 756 levels on daily chart.
Also, the gap area of 760-800 (formed in October) has been filled. We can see subdued volume action during the retracement.
Now, one can consider long position at cmp or wait for the breakout above upper trendline, with a SL of 740 on weekly CB, for the targets of 785 and 810 with more than 1:2 RR.
Kindly do your analysis before initiating trade.
Also, the gap area of 760-800 (formed in October) has been filled. We can see subdued volume action during the retracement.
Now, one can consider long position at cmp or wait for the breakout above upper trendline, with a SL of 740 on weekly CB, for the targets of 785 and 810 with more than 1:2 RR.
Kindly do your analysis before initiating trade.
거래청산: 스탑 닿음
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.