Big green candle closing on weekly time frame with awsome volume. This is great pattern VCP pattern of mark minervini. it can be gud buy on this price point. Both 20 & 200 MA are in support on daily time frame.
Risk reward ratio and probability is only the holy grail in the market.
Don't lose more than your entry reason. your entry reason in weekly closed elephant candle so keep SL below this green candle which is 209.
Entry = 235
SL - 209
First target - 320
Risk reward raio - 1:3.2
Risk reward ratio and probability is only the holy grail in the market.
Don't lose more than your entry reason. your entry reason in weekly closed elephant candle so keep SL below this green candle which is 209.
Entry = 235
SL - 209
First target - 320
Risk reward raio - 1:3.2
Note
MOVE STARTED KEEP HOLDING... Trade active
again showing but earlier this stock had done the same.. wait for price ipo level.Trade closed: target reached
wait for elephant candle on weekly then we will think about re entry
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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.