A potential Cup with Handle pattern is in play here.
In this pattern, best time to enter is at the bottom of the handle if identified earlier for high reward to risk ratio trade.
Recent price action shows, price broke out of a symmetrical triangle and now consolidating above it as well as key support level (Green dashed line).
Accumulate at current price level.
Medium term target is around 500 (60% ROI)
Long term technical target is around 850 (170% ROI)
Stop Loss @ 275
Reward to Risk 15:1 approx.
Kindly do your own research before investing.
Peace !!
In this pattern, best time to enter is at the bottom of the handle if identified earlier for high reward to risk ratio trade.
Recent price action shows, price broke out of a symmetrical triangle and now consolidating above it as well as key support level (Green dashed line).
Accumulate at current price level.
Medium term target is around 500 (60% ROI)
Long term technical target is around 850 (170% ROI)
Stop Loss @ 275
Reward to Risk 15:1 approx.
Kindly do your own research before investing.
Peace !!
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免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。