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sandmehta2014
2 ago 2022 16:49

BANKINDIA, Buy - Head & Shoulder Pattern Long

BK OF INDIANSE

Descrizione

ENTRY: 50.65
TARGET 1: 53.60
TARGET 2: 53.60
SL: 49.25

Positives:
- RSI Divergence
- Making higher highs.
- Good Volume buying on 2nd August.
- Breaking Trendline.
- Trending above 50 MA.
- Head and Shoulder Pattern

Negatives:
- Still in Downtrends

Trade chiuso: stop raggiunto

Commenti
prabhashrai02
With this pattern, you should keep your SL below right shoulder
sandmehta2014
@prabhashrai02, Thank you for the correct input. I kept sharp SL, considering the risk and rewards ratio. In this trade, the market has hit the SL because of the wrong SL.
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