GODREJCP – Double Bottom – Entry – 1198 SL -1050

[Ganesh]

Double Bottom is formed between 7th May to 29th May and volume was high on breakout

 

Double Top is formed between 30th June to 17th Jul, but nno volume was turn out

 

 

Trade plan

 

 

Symbol: GODREJCP

 

Direction: Long

 

Entry Level: 1198

 

Stop Loss: 1050

 

Target: 1257

[Naveen]

Respected sir,

All conditions are satisfied in the Double bottom but trade reward level should be at 1346

RISK = REWARD

The risk you are taking is 148 and reward level should be 148

so place your target 1346.

[Vinoth Kumar]

Double Top can not be considered as there is no volume and breakout at 1144 not taken place So can’t take Short position.

Correct me if I am Wrong.

[Author]

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