SHALIMAR PAINTS - Breakout from Channel pattern - Swing
This analysis is purely based on price action and chart pattern.
Analysis is done on daily TF hence it may take several days to couple of weeks to reach its target.
Entry can be made above the high of today's candle or on small pull back to upper line of parallel channel.
Targets are shown in image. SL can be placed either below consolidation zone or below 87
Never Run after 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 .
Feel Free to comment for any suggestion or query regarding price action analysis
Checkout my other ideas linked below.
Analysis is done on daily TF hence it may take several days to couple of weeks to reach its target.
Entry can be made above the high of today's candle or on small pull back to upper line of parallel channel.
Targets are shown in image. SL can be placed either below consolidation zone or below 87
Never Run after 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 .
Feel Free to comment for any suggestion or query regarding price action analysis
Checkout my other ideas linked below.
Trade closed: target reached:
Target achieved
