Long trade in JINDAL SAW - Consolidation Breakout

2022年12月13日

JINDALSAW

Good consolidation breakout on the hourly chart with heavy volume activity.

Pattern target comes at 105, which is incidentally also the R2 level of the monthly pivots.

A trade here with an SL below the breakout candle low gives a R:R of 1:1.8, which is pretty decent.

2022年12月13日

ノート

Good move above R1, with even more volume activity. Strengthens the move.

2022年12月15日

トレード終了: 利益確定目標に到達

Target reached today!

Another very strong move, so I think I will book half, and hold the rest for further moves with SL now trailing at 101.

Cheers!