JKIL formed an ascending triangle pattern on daily chart. There was huge volume on the day of breakout indicating bulls out there. Moreover, on the sell off day the volume was low indicating sellers are not willing to sell at lower price. Note the hammer formation yesterday indicating strong buying pressure at these level. One can have stop loss just below yesterdays low and target the width of the triangle. Entry can just above yesterdays high offering an ideal risk reward of 1:2.
Hope you like this idea. If so, please boost this idea or leave a comment below on what you think. Otherwise, happy trading :-).
Hope you like this idea. If so, please boost this idea or leave a comment below on what you think. Otherwise, happy trading :-).
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
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"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。