TATASTEEL Ascending Triangle Pattern (Short term swing)
Updated
This analysis is purely based on price action and chart patterns
This trade is for short term swing or positional trade.
Trade Strategy is explained in image itself.
*Plan your trade accordingly and trade on your own risk & money management*
Pls comment for any queries or suggestions
This trade is for short term swing or positional trade.
Trade Strategy is explained in image itself.
*Plan your trade accordingly and trade on your own risk & money management*
Pls comment for any queries or suggestions
Trade closed: target reached
Entry was taken on 10:11 candle on pullback. The price took the support of 377.20 level which was earlier a resistance to it (as shown in image). Entry made at 379
SL was just below the lower line = 376
Target reached on 12:50 candle
RR = 2.67 (high reward to risk ratio)
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