REXNORD : Target 200 % in 6 months
Hello Traders!
I hope you are doing well.
In this chart as you can see price bounces each time it comes down to 50 ma band and gains momentum to give a good rally. This time again it seems that price is trying to bounce from the same moving average. So higher probability is that it'll give another rally for a huge target in a short period of time that is 3 to 6 months. Price shows trendline breakout. Risk is little and reward is huge in this trade, i.e. 1 : 8.
Target is more than 200 % as per my POM Advance Trading System
Entry can be taken at current market price.
Rest the chart explains everything.
👉This analysis is for educational purpose only.
I hope you are doing well.
In this chart as you can see price bounces each time it comes down to 50 ma band and gains momentum to give a good rally. This time again it seems that price is trying to bounce from the same moving average. So higher probability is that it'll give another rally for a huge target in a short period of time that is 3 to 6 months. Price shows trendline breakout. Risk is little and reward is huge in this trade, i.e. 1 : 8.
Target is more than 200 % as per my POM Advance Trading System
Entry can be taken at current market price.
Rest the chart explains everything.
👉This analysis is for educational purpose only.
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