Short
Tata Global - Channel Breakout Setup
It is been observed that there are two pattern formation breakout held on hourly chart, symmetrical triangle and Channel Breakout. Where the price action respected the breakout. Now, the price action breaks out from a upward channel breakout indicating further weakness. Targets are measured as per the channel and by also considering previous support levels on daily chart.
Target: 149
Stoploss: 156
Target: 149
Stoploss: 156
Trade active
Trade closed: target reached
Target reached Successfully, This shows how precisely technicals work if implied correctly. Regards
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.