Double Bottom/RSI good RR ratio
Updated
Stock has formed the double bottom and trading above the neckline. One can buy the stock now for a double bottom pattern target of 324 which offers a reasonable Risk to Reward trade. RSI above 50 is also confirming the trade.
Entry 301
SL 295
Target 320 - 324
Risk/reward 3
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Entry 301
SL 295
Target 320 - 324
Risk/reward 3
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Trade active
Long @299 with SL of 294.50 fingers crossed.Trade closed: target reached
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