HINDPETRO - Breakout after long consolidation - Swing trade
This analysis is purely based on price action and Chart Patterns.
The analysis is on daily TF hence target can be achieved in couple of days to weeks.
Trade entry with SL and Target is explained in image itself.
For more clarity on how the price has moved in past, and how important are the zones drawn in the image, check the image linked below
Don't chase the price. Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
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.
Feel Free to comment for any queries regarding the above stock or price action analysis in general.
The analysis is on daily TF hence target can be achieved in couple of days to weeks.
Trade entry with SL and Target is explained in image itself.
For more clarity on how the price has moved in past, and how important are the zones drawn in the image, check the image linked below
Don't chase the price. Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
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.
Feel Free to comment for any queries regarding the above stock or price action analysis in general.
Trade closed: target reached:
Target-1 reached handomely