praveen.bhatiya

Double Bottom Reversal good RR trade

Long
praveen.bhatiya Updated   
NSE:APOLLOTYRE   APOLLO TYRES
The stock seems to have reversing the downtrend. It has formed double bottom with higher RSI reading and now trading above the Neckline. It is offering a good Risk to Reward trade as details given below
Entry 221
SL 212
Target 250 - 253 - 259
RR Ratio : 3
RSI is also confirming the trade decsion.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Trade active
Comment:
Trade is doing OK trailed the SL at entry price of 221 :)
Trade closed manually:
Closed in reasonable good profit but before the target price.

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