CholaFin-Swing Trading-Bullish flag pattern towards big breakout
https://www.tradingview.com/x/sPDIUSOE/ 
CHOLAFIN
18.07.2024
Buy: Above 1450
Target: 1668
Stop Loss: 1370
Risk:Reward- 01 : 1.5
1. Inside Bar Breakout in daily TF & Bullish engulfing found in weekly TF
2. Price was following the parallel channel from
last one year.After breaking out the channel, now price has taken retracement.
3. After a good breakout, price has consolidated from one month by forming bullish flag pattern.
Today with good green candle, pattern has found breakout with good volumes
4. Price rejected from 21 EMA & price is above 50 EMA.
5. Price has rejected from 0.382 Fibonacci level in previous uptrend.
CHOLAFIN 18.07.2024
Buy: Above 1450
Target: 1668
Stop Loss: 1370
Risk:Reward- 01 : 1.5
1. Inside Bar Breakout in daily TF & Bullish engulfing found in weekly TF
2. Price was following the parallel channel from
last one year.After breaking out the channel, now price has taken retracement.
3. After a good breakout, price has consolidated from one month by forming bullish flag pattern.
Today with good green candle, pattern has found breakout with good volumes
4. Price rejected from 21 EMA & price is above 50 EMA.
5. Price has rejected from 0.382 Fibonacci level in previous uptrend.
Trade closed: stop reached
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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.
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.