The above analysis is done purely based on price action and chart patterns.
The analysis is done in live market on daily TF hence price may take few days to few weeks in order to reach the targets
Logic as well as the trade setup (Entry, SL and Target) is shown in image itself.
Safe traders can wait for today's candle closing and if the level is sustained and volume is still not increasing, then entry can be taken above today's high. SL and Target will remain same
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management
Feel Free to comment for any queries regarding the above stock or price action analysis in general.
Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
The analysis is done in live market on daily TF hence price may take few days to few weeks in order to reach the targets
Logic as well as the trade setup (Entry, SL and Target) is shown in image itself.
Safe traders can wait for today's candle closing and if the level is sustained and volume is still not increasing, then entry can be taken above today's high. SL and Target will remain same
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management
Feel Free to comment for any queries regarding the above stock or price action analysis in general.
Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
Trade closed: target reached
