RELAXO- Triangle Pattern Breakout & Retesting - Swing/Investment
Updated
The analysis is done purely on basis of price action and chart patterns.
The analysis is done on Daily TF with a long term view. Hence price may take several weeks to months to reach the target.
Trade Set-up as well as logic has been given in image itself.
Kindly refer the below chart of NIFTY CONSUMPTION chart - RELAXO is a part of NIFTY CONSUMPTION INDEX.
The above analysis is for learning purpose and traders should do their own study before entering into any trade. Trade with your own money & risk management.
Feel Free to comment for any query regarding learning price action or for any suggestion.
The analysis is done on Daily TF with a long term view. Hence price may take several weeks to months to reach the target.
Trade Set-up as well as logic has been given in image itself.
Kindly refer the below chart of NIFTY CONSUMPTION chart - RELAXO is a part of NIFTY CONSUMPTION INDEX.
The above analysis is for learning purpose and traders should do their own study before entering into any trade. Trade with your own money & risk management.
Feel Free to comment for any query regarding learning price action or for any suggestion.
Comment
Racing for final targetTrade closed: target reached
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.