Swing opportunity on POWERGRID
Hope you all recovered from huge swings for the past couple of days. I recently happen to find a swing opportunity on POWERGRID daily chart where price is moving between a ascending channel. Price is at support level with the formation of double wick on the bottom indicating there is a strong buying pressure at this level. Once can enter just above todays high with a stop loss just below todays low. Target can be at the next resistance level. This trade offers an ideal risk reward at around 1:2.5.
Hope you like this analysis. If you think it was helpful please boost this idea or leave a comment down on what you think. Otherwise happy trading :-)
Hope you like this analysis. If you think it was helpful please boost this idea or leave a comment down 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
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.