Simple risk Reward positional setup

Elgiequip Price is Breaking out 200 days of consolidation with good volume

Simple Low risk-reward setup for positional trade.

Few points to consider
- Rectangular Box price breakout.
- Good volume to support Price
- Relative strength is outperforming Benchmark Index (Nifty)
- Risk (SL), low of daily candle close

Trade chiuso: obiettivo raggiunto:

Target reached