The stock is near lower trend line and took support and looks good for a reversal rally. Trade is supported by brokerage calls and swing low, major supports & 200 EMA before SL levels. Target is placed near the previous swing high with a risk reward ratio of 1:1. The trade SL is placed in such a way that even if the stock breaks down it can tack support of the...
The above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on weekly TF hence price may take few weeks in order to reach the first target and then for final target it may take few months as the target is big.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do...
after Long consolidation VGUARD
given goode Breakout,
add near 262/248
we seen 296/322/365+
view invalid below 213wcb
Note : all views are education purpose only.
Upside potential of 250 (Trading in zone), if breaches 190's consistently (if not, good accumulate at 178 and lower)
With Immediate support at 178 and strong base at 162 levels.
Only educational view.
